Pronghorn Corp provides security services. Selected transactions for Pronghorn Corp are presented below. Issued common stock in exchange for $64,700 cash from investors. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $2,000. Purchased equipment for $17,600, paying $3,900 cash and the balance on account. 8 Paid $1,600 for advertising. 10 Received bill for equipment repair cost of $410. Provided security services for event for $3,100 on account. 16 Purchased supplies for $400 on account. 21 Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $145. Oct. 1 12 24 27 Received payment from customer for October 12 services performed. Paid employee salaries and wages of $5,000. 31 (a) ournalize the transactions. (If no entry required, select "No entry" for the account titles and enter 0 for t Date Account Titles and Explanation Debit Credit Oct. 1

Pronghorn Corp provides security services. Selected transactions for Pronghorn Corp are presented below. Issued common stock in exchange for $64,700 cash from investors. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $2,000. Purchased equipment for $17,600, paying $3,900 cash and the balance on account. 8 Paid $1,600 for advertising. 10 Received bill for equipment repair cost of $410. Provided security services for event for $3,100 on account. 16 Purchased supplies for $400 on account. 21 Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $145. Oct. 1 12 24 27 Received payment from customer for October 12 services performed. Paid employee salaries and wages of $5,000. 31 (a) ournalize the transactions. (If no entry required, select "No entry" for the account titles and enter 0 for t Date Account Titles and Explanation Debit Credit Oct. 1

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Description: Pronghorn Corp provides security services. Selected transactions for Pronghorn Corp are presented below.Issued common stock in exchange for $64,700 cash from investors.2 Hired part-time security consultant. Salary will be $2,000 per month. First day

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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