Pina Colada Corp. has the following transactions during August of the current year. Aug. 1 4 16 27 Pays secretary $1,010 salary. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Aug. 1 Opens an office as a financial advisor, investing $4,000 in cash in exchange for common stock. Pays insurance in advance for 6 months, $1,650 cash. Receives $2,200 from clients for services performed. + 4 Account Titles and Explanation I Debit Credit

Pina Colada Corp. has the following transactions during August of the current year. Aug. 1 4 16 27 Pays secretary $1,010 salary. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Aug. 1 Opens an office as a financial advisor, investing $4,000 in cash in exchange for common stock. Pays insurance in advance for 6 months, $1,650 cash. Receives $2,200 from clients for services performed. + 4 Account Titles and Explanation I Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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