Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. julia dumars is a licensed cpa during the first mo

Julia Dumars is a licensed CPA During the first month of operations of her business...

70.2K

Verified Solution

Question

Basic Math

image

Julia Dumars is a licensed CPA During the first month of operations of her business Skysong Inc the following events and transactions occurred May 1 2 3 7 11 12 17 31 a 31 Stockholders invested 22 300 cash in exchange for common stock Hired a secretary receptionist at a salary of 2 500 per month Purchased 1 600 of supplies on account from Vincent Supply Company Paid office rent of 750 cash for the month Completed a tax assignment and billed client 2 100 for services performed Received 2 900 advance on a management consulting engagement Received cash of 1 500 for services performed for Orville Co Paid secretary receptionist 2 500 salary for the month Paid 40 of balance due Vincent Supply Company Julia uses the following chart of accounts No 101 Cash No 112 Accounts Receivable No 126 Supplies No 201 Accounts Payable No 209 Unearned Service Revenue No 311 Common Stock No 400 Service Revenue No 726 Salaries and Wages Expense and No 729 Rent Expense

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

Accounting
1.2K views

Terms of warehouse contract with PremierStorage:-The warehouse lease began on January 1, 2018, with...Terms...

Electrical Engineering
1.2K views

On logisim or any circuit building program, design a counter that counts 9,8,7,6,5,4,3,2,1,0 then back to...

Psychology
1.2K views

Was President Roosevelt justified in ordering Executive Order 9066, which resulted in the internment of Japanese...

Finance
1.2K views

You decide to invest in a portfolio consisting of 33 percent Stock A, 44 percent Stock...

Biology
1.2K views

Desertification is the conversion of fertile land into desert What are possible causes for this...

Physics
1.2K views

Two particles of the same mass enter a magnetic field with the same speed and...

Basic Math
1.2K views

Ellie needs more than 10 packs of thread to make friendship braceletsfor her classmates. She...

Calculus
1.2K views

1 2 Use the given graph to estimate the value of each derivative Then sketch...

Calculus
1.2K views

3 40 pts Find the derivative of the following functions a f x 4x 2x...

Algebra
1.2K views

Listen For two functions f x and g a the resulting function for 4 2...

Accounting
1.2K views

Analyze and compare Hilton and Marriott a. Compute the times interest earned ratio for...

Accounting
1.2K views

Sun Company purchased as a short-term investment $300,000 of 10% bonds, dated July 1, on...