Journal entry worksheet 12345 Purchase office supplies for $1,900 on account. Note: Enter debits before...

50.1K

Verified Solution

Question

Accounting

image
image
image
image
image
image
image
image
image
image
image
Journal entry worksheet 12345 Purchase office supplies for $1,900 on account. Note: Enter debits before credits. Journal entry worksheet Recelve cash of $11,900 in rental fees for the current month. Note: Enter debits before credits. Journal entry worksheet Purchase storage container equipment for $7,900 cash. Note: Enter debits before credits. Post each transaction to T-accounts and calculate the ending balance for each account. For each posting, indicate the correspond the appropriate transaction amount. Since this is the first month of operations, all T-accounts have a beginning balance of zero. Journal entry worksheet 7 Purchase land for $18,500. A note payable is signed for the full amount. Note: Enter debits before credits. Prepare a trial balance. Journal entry worksheet \begin{tabular}{ll|l|l|l} 2 & 3 & 6 & 7 \end{tabular} Issue 10,000 shares of common stock in exchange for $31,000 in cash. Note: Enter debits before credits. Journal entry worksheet 12 Hire three employees for $1,900 per month. Note: Enter debits before credits. Journal entry worksheet Pay employees $5,700 for the first month's salaries. Note: Enter debits before credits. Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions. 1. January 1 Issue 10,000 shares of comenon stock in exchange for $31,000 in cash. 2. January 5 Purchase land for $18,500. A note payable is signed for the ful1 amount. 3. January 9 purchase storage container equiponent for $7,900 cash. 4. January 12 Hire three employees for $1,900 per month. 5. January 18 Receive cash of $11,900 in rental fees for the current month. 6 . January 23 purchane office supplies for $1,900 on account. 7. January 31 Pay employees $5,700 for the flrst month's salaries. - Required: 1. Record each transaction. 2. Post each transaction to T-accounts and calculate the ending balance for each account. For each posting, indicate the corresponding transaction number and the appropriate transaction amount. Since this is the first month of operations, all T-accounts have a beginning balance of zero. 3. Prepare a trial balance. Complete this question by entering your answers in the tabs below. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fieid

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