Ly Chapter 2 Lab (Question 21-Lyrys Leaming Inc Google Chrome https//leal lfa1 Jyryx.com/student-servlets/LabServlettooid-10433 Question 2...

90.2K

Verified Solution

Question

Accounting

image
Ly Chapter 2 Lab (Question 21-Lyrys Leaming Inc Google Chrome https//leal lfa1 Jyryx.com/student-servlets/LabServlettooid-10433 Question 2 (30 points] Record these transactions of the Bentley Inc company by recording the dobit and credt entries directly in the T-accounts Use the date for the date in the left-han to it, in the lefthand cell on the appropriate side each transaction to identity the entries, placing oach account, and writo Blalance' ( d cell and the amount in the right hand cell on the appropriate side of the T-account. Then determine the balance of or Bar) next a February 2 b. Fobruary 3 Bentey Inc paid a $1,000 bill received today for an advertising campaign that ran last wook c. February 5 One of Bentley Inc 's clients rented equpment today for $600 on credit Judith Grimm (a shareholder), recoived share capital in Bentley Inc, after investing $40,000 cash into the business uary 7 The S1,000 bil for the advertising campaign that ran last week was received today it will be pad within 30 days e. Fabruary 9 Bentley linc purchased new equipment by paying $2,750 cash I February 11 A client rented equipment for $1,300 cash h February 14 Bentey inc received $500 towards payent o the services provided in transaction (C) i February 15 Bentley Inc paid $1,100 towards the bill from transaction (g) February 16 Bentley Inc. bought $4,000 of equipment, using $1,000 cash and $3,000 on account Cash Accounts Receivable 2Feb 40000 Accounts Pa Share Capn 40000 O type here to search

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