Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2 during may, kate consulting entered into the fol

2 During May, Kate Consulting entered into the following transactions, Journalize entries for them. (27...

70.2K

Verified Solution

Question

Accounting

image
image
2 During May, Kate Consulting entered into the following transactions, Journalize entries for them. (27 percent) May. I. The following assets were received from the owner-Kate Pitney: cash $28,000, supplies, $15,000; and office equipment $10,500. 2. Paid the e premiums on property and casualty insurance for next year, $9,60 4. Purchased office equipment on account from Office Station Co., $5,000. 5. Purchased supplies and cash was paid, $6,800. 14. 20. 24. 30. Received cash from clients on account, S5,800. Paid part-time receptionist for salary, $2,750. Recorded services provided on account for the period, $30,100. Recorded cash from cash clients for fees earned for the period, $13,85o. Paid electricity bill for April, $500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students