Prepare journal entries to record the following August 2023 transactions of a new business called For the Love of Pixels. Aug. 1 Joseph Eagle, the owner, invested $21,000 cash and photography equipment with a fair value of $41,000. 1 Rented a studio, paying $11,700 for the next three months in advance. 5 Purchased office supplies for $1,750 cash. 20 Received $9,150 in photography revenue. 31 Paid $1,390 for August utilities. View transaction list Journal entry worksheet < 1 2 3 Date August 01, 2023 Record the investment by owner. Note: Enter debits before credits. 4 5 General Journal Debit Credit >

Prepare journal entries to record the following August 2023 transactions of a new business called For the Love of Pixels. Aug. 1 Joseph Eagle, the owner, invested $21,000 cash and photography equipment with a fair value of $41,000. 1 Rented a studio, paying $11,700 for the next three months in advance. 5 Purchased office supplies for $1,750 cash. 20 Received $9,150 in photography revenue. 31 Paid $1,390 for August utilities. View transaction list Journal entry worksheet < 1 2 3 Date August 01, 2023 Record the investment by owner. Note: Enter debits before credits. 4 5 General Journal 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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6 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252 Tp Inventor Training D. CHAP2 HOMEWORK A Saved 1 Karla Tanner opened a Web consulting business called Linkworks and completed the following transactions in its first month of operations. 10 April 1 Tanner invested $8e,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock. 2 The company prepaid $9, c00 cash for 12 months' rent for office space. Hint: Debit Prepaid Rent for $9,000. 3 The company made credit purchases for $8,000 in office equipment and $3,60e in office supplies. Payment is due within 10 days. 6 The company completed services for a client and imnediately received $4,000 cash. 9 The company completed a $6,000 project for a client, who must pay within 30 days. 13 The company paid $11,600 cash to settle the account payable crented on April 3. 19 The company paid $2,400 cash for the…
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Check my The following transactions took place at the Cook Employment Agency during November 20X1. DATE TRANSACTIONS 5 Performed services for Job Search, Inc., for $40,000; received $19,000 in cash and the client promised to pay the balance in 60 days. 18 Purchased a graphing calculator for $425 and some supplies for $575 from office Supply; issued Check 1008 for the total. 23 Received Invoice 1602 for $2,100 from Automotive Technicians Repair for repairs to the firm's automobile; issued Check 1009 for half the amount and arranged, to pay the other half in 30 days. Nov. Prepare journal entries for the above transactions. View transaction list
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