Homework Help is Here – Start Your Trial Now!
Business
Accounting
Rivera Roofing Company, owned by Reyna Rivera, began operations in July and completed these trans- actions during that first month of operations. July 1 Reyna Rivera invested S80,000 cash in the company. 2 The company rented office space and paid S700 cash for the July rent. 3 The company purchased roofing equipment for $5,000 by paying $1,000 cash and agreeing to pay the $4,000 balance in 30 days. 6 The company purchased office supplies for S600 cash. 8 The company completed work for a customer and immediately collected $7.600 cash for the work. 10 The company purchased $2,300 of office equipment on credit. 15 The company completed work for a customer on credit in the amount of $8,200. 17 The company purchased $3,100 of office supplies on credit. 23 The company paid $2.300 cash for the office equipment purchased on July 10. 25 The company billed a customer $5,000 for work completed; the balance is due in 30 days. 28 The company received $8,200 cash for the work completed on July 15. 30 The company paid an assistant's salary of $1,560 cash for this month. 31 The company paid S295 cash for this month's utility bill. 31 Reyna Rivera withdrew $1,800 cash from the company for personal use. Required 1. Arrange the following asset, liability, and equity titles in a table like Exhibit 1.9: Cash; Accounts Receivable: Office Supplies: Office Equipment: Roofing Equipment: Accounts Payable; R. Rivera, Capital; R. Rivera, Withdrawals; Revenues; and Expenses. Please make the journal entries from those transactions!

Rivera Roofing Company, owned by Reyna Rivera, began operations in July and completed these trans- actions during that first month of operations. July 1 Reyna Rivera invested S80,000 cash in the company. 2 The company rented office space and paid S700 cash for the July rent. 3 The company purchased roofing equipment for $5,000 by paying $1,000 cash and agreeing to pay the $4,000 balance in 30 days. 6 The company purchased office supplies for S600 cash. 8 The company completed work for a customer and immediately collected $7.600 cash for the work. 10 The company purchased $2,300 of office equipment on credit. 15 The company completed work for a customer on credit in the amount of $8,200. 17 The company purchased $3,100 of office supplies on credit. 23 The company paid $2.300 cash for the office equipment purchased on July 10. 25 The company billed a customer $5,000 for work completed; the balance is due in 30 days. 28 The company received $8,200 cash for the work completed on July 15. 30 The company paid an assistant's salary of $1,560 cash for this month. 31 The company paid S295 cash for this month's utility bill. 31 Reyna Rivera withdrew $1,800 cash from the company for personal use. Required 1. Arrange the following asset, liability, and equity titles in a table like Exhibit 1.9: Cash; Accounts Receivable: Office Supplies: Office Equipment: Roofing Equipment: Accounts Payable; R. Rivera, Capital; R. Rivera, Withdrawals; Revenues; and Expenses. Please make the journal entries from those transactions!

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 14EA: Toren Inc. employs one person to run its solar management company. The employees gross income for...
See similar textbooks
icon
Related questions
Question

Help please

Rivera Roofing Company, owned by Reyna Rivera, began operations in July and completed these trans- actions during that first month of operations. July 1 Reyna Rivera invested S80,000 cash in the company. 2 The company rented office space and paid S700 cash for the July rent. 3 The company purchased roofing equipment for $5,000 by paying $1,000 cash and agreeing to pay the $4,000 balance in 30 days. 6 The company purchased office supplies for $600 cash. 8 The company completed work for a customer and immediately collected $7,600 cash for the work. 10 The company purchased $2,300 of office equipment on credit. 15 The company completed work for a customer on credit in the amount of $8,200. 17 The company purchased $3,100 of office supplies on credit. 23 The company paid $2,300 cash for the office equipment purchased on July 10. 25 The company billed a customer $5,000 for work completed; the balance is due in 30 days. 28 The company received S8,200 cash for the work completed on July 15. 30 The company paid an assistant's salary of $1,560 cash for this month. 31 The company paid $295 cash for this month's utility bill. 31 Reyna Rivera withdrew $1,800 cash from the company for personal use. Required 1. Arrange the following asset, liability, and equity titles in a table like Exhibit 1.9: Cash; Accounts Receivable; Office Supplies; Office Equipment; Roofing Equipment; Accounts Payable; R. Rivera, Capital; R. Rivera, Withdrawals; Revenues; and Expenses. Please make the journal entries from those transactions!
Transcribed Image Text:Rivera Roofing Company, owned by Reyna Rivera, began operations in July and completed these trans- actions during that first month of operations. July 1 Reyna Rivera invested S80,000 cash in the company. 2 The company rented office space and paid S700 cash for the July rent. 3 The company purchased roofing equipment for $5,000 by paying $1,000 cash and agreeing to pay the $4,000 balance in 30 days. 6 The company purchased office supplies for $600 cash. 8 The company completed work for a customer and immediately collected $7,600 cash for the work. 10 The company purchased $2,300 of office equipment on credit. 15 The company completed work for a customer on credit in the amount of $8,200. 17 The company purchased $3,100 of office supplies on credit. 23 The company paid $2,300 cash for the office equipment purchased on July 10. 25 The company billed a customer $5,000 for work completed; the balance is due in 30 days. 28 The company received S8,200 cash for the work completed on July 15. 30 The company paid an assistant's salary of $1,560 cash for this month. 31 The company paid $295 cash for this month's utility bill. 31 Reyna Rivera withdrew $1,800 cash from the company for personal use. Required 1. Arrange the following asset, liability, and equity titles in a table like Exhibit 1.9: Cash; Accounts Receivable; Office Supplies; Office Equipment; Roofing Equipment; Accounts Payable; R. Rivera, Capital; R. Rivera, Withdrawals; Revenues; and Expenses. Please make the journal entries from those transactions!
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS