William Curtis is a personal finance expert and owns Much Money Consulting. This is his first month of operations and William h hired you to do his accounting. The following transactions are for the month of October. a. On October 2, William Curtis invested $32,600 cash into his business. b. On October 4, purchased $925 of office supplies for cash. c. On October 6, purchased $13,600 of office equipment on credit. d. On October 10, received $3,000 cash as revenue for being a guest on the TV show CityTalk. e. On October 12, paid for the office equipment purchased in transaction (c). f. On October 16, billed a customer $5,400 for delivering a corporate workshop on smart investing. g. On October 18, paid October's rent for the downtown office with $3,500 cash. h. On October 26, collected all cash for the account receivable created in transaction (f). i. On October 31, withdrew $5,000 cash from the business for a trip to Hawaii. 1. Not available in Connect. 2. Not available in Connect. 3. Prepare the journal entries for the month of October.
William Curtis is a personal finance expert and owns Much Money Consulting. This is his first month of operations and William h hired you to do his accounting. The following transactions are for the month of October. a. On October 2, William Curtis invested $32,600 cash into his business. b. On October 4, purchased $925 of office supplies for cash. c. On October 6, purchased $13,600 of office equipment on credit. d. On October 10, received $3,000 cash as revenue for being a guest on the TV show CityTalk. e. On October 12, paid for the office equipment purchased in transaction (c). f. On October 16, billed a customer $5,400 for delivering a corporate workshop on smart investing. g. On October 18, paid October's rent for the downtown office with $3,500 cash. h. On October 26, collected all cash for the account receivable created in transaction (f). i. On October 31, withdrew $5,000 cash from the business for a trip to Hawaii. 1. Not available in Connect. 2. Not available in Connect. 3. Prepare the journal entries for the month of October.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:William Curtis is a personal finance expert and owns Much Money Consulting. This is his first month of operations and William h
hired you to do his accounting. The following transactions are for the month of October.
a. On October 2, William Curtis invested $32,600 cash into his business.
b. On October 4, purchased $925 of office supplies for cash.
c. On October 6, purchased $13,600 of office equipment on credit.
d. On October 10, received $3,000 cash as revenue for being a guest on the TV show CityTalk.
e. On October 12, paid for the office equipment purchased in transaction (c).
f. On October 16, billed a customer $5,400 for delivering a corporate workshop on smart investing.
g. On October 18, paid October's rent for the downtown office with $3,500 cash.
h. On October 26, collected all cash for the account receivable created in transaction (f).
i. On October 31, withdrew $5,000 cash from the business for a trip to Hawaii.
1. Not available in Connect.
2. Not available in Connect.
3. Prepare the journal entries for the month of October.
View transaction list
Journal entry worksheet
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