Create General Entries with the following business transactions: 1 2...
80.2K
Verified Solution
Question
Accounting
Create General Entries with the following business transactions:
1 2 3 4 5 6 7 8 9 Received $3000 as contribution to the corporation Purchased Ventor Ave $260 Purchased Short Line Railroad (RR) $200 Purchased Oriental Ave $100 Pay rent on Electric company--$120 Purchased house for Ventnor $150 and $52 for insurance Landed on Free Parking received $250 Purchased house for Ventnor $150 and $52 insurance Purchased B&O RR $200 Landed on go to jail; paid $100 Note: cash on hand before dividend $1864 Paid required cash dividend to stockholders Purchased house for Oriental $50 and $52 Insurance Purchased Park Place $350 Purchased House for Park Place $200 and $52 for insurance Received $650 for passing "GO" the first time Paid $100 for Hospital Fees-(Medical Expense) Received Rent on Ventnor $330 Purchased house on Park Place $200 and $52 insurance Paid rent on Pennsylvania RR $25 Purchased Pennsylvania Ave $320 Purchased House for Pennsylvania $200 and $52 for insurance 8 10 11 12 13 Paid rent on Pennsylvania RR $25 Purchased Pennsylvania Ave $320 Purchased House for Pennsylvania $200 and $52 for insurance Received rent on Ventnor Ave $330 Received $650 for passing "GO" second time Paid rent on Mediterranean Ave $2 Received rent on Ventnor Ave $330 Received rent on Pennsylvania $150 Paid rent on Vermont $6 Purchased house for Pennsylvania $200 and $52 for insurance nothing happened Landed on Free Parking, received $250 Note: cash on hand is $2,467


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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.