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o ck was $129,000 and the retained rings were $2.000 st April 1, the The assets and Babies of Thompson Computer Services at 31, the end of the current year, and its revenue and expenses for the year are sted below. The comm beginning of the current year. During the year, shareholders purchased an actional $25,000 in stock Accounts payable $2,000 Miscellaneous Expense $1, 00 Accounts receivable 10,310 Omce expense 2140 Supres 72,470 e pense 47,000 14,400 Prepare a statement of stockholders equity for the current year ended statement of stonderstity Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April. (d) Purchased $1,500 of supplies on account (e) Recorded $9,800 of fees earned on account (1) Received $7,500 in cash for fees earned (g) Paid $1,200 to creditors on account. (h) Paid wages of $3,425. Received $7,900 from customers on account Recorded dividends of $1,875. Required: Record the above selected transactions for April. Refer to the Chart of Accounts for exact wording of account des. General Joumal Instructions Chart of Accounts CHART OF ACCOUNTS General Ledger REVENUE 41 Fees Earned ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land EXPENSES 51 Wages Expense 53 Rent Expense 16 Equipment 17 Building 18 Truck 54 Utilities Expense 55 Maintenance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Uneamed Revenue 23 Notes Payable EQUITY 31 Common Stock 32 Retained Earings 33 Dividends General Journal Prepare the journal entries on April 30. Refer to the Chart of Accounts for exact wording of account dides PAGE 1 JOURNAL ACCOUNTING EQUATION r ecord the try to move the ant es Calculator The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances $2,818 474 Accounts payable Accounts receivable Supplies Prepaid insurance 1,500 $513 741 500 1,611 1,716 1,800 Fees Eamed Insurance Expense Rent expense Land Wages expense Retained earnings Common stock 2,356 Cash Office equipment Dividends 678 5,500 5,029 Unearned rent 1,600 Total assets are a $2,970 . $2,818 . 58,724 d. $5,029 The common stock was $129,900 and the retained emings were 562,000 April The w ord s of Thompson Computer Service beginning of the current year. During the year, t h e $2.000 euro March 31, the end of the current year, and its revenue and expers for the year are web purchased an a l 526,000 in stock 51050 21.40 72,470 Wages expense 47 . 23,00 the city for the current Prepare a statement of entry leavit Ourgheshpur Om een 75.100 David 143670 a rch 31 Prepare an income Them for the current yeu an Computer Services e purchased on a 26,000 in stock beginning of the current year. During the year, sh Ac pewie 3,000 c Amuse 10,310 Om ustom 51,00 1,760 bunding uity for the current you Prepare a s ement of stockholders an entry wave There Calculator The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal b. $513 Fees Earned $2,818 Accounts payable Accounts receivable Supplies 741 Insurance Expense 474 500 Rent expense 1,500 Prepaid insurance 1,611 Land 2,356 Cash 1,716 Wages expense 678 5,500 Office equipment Dividends Unearned rent 1,800 784 1,600 Retained earnings Common stock 5,029 Total assets are a. $2,970 b. $2,818 c. $8,724 d. $5,029 the entries to correct the wingerne o ck was $129,000 and the retained rings were $2.000 st April 1, the The assets and Babies of Thompson Computer Services at 31, the end of the current year, and its revenue and expenses for the year are sted below. The comm beginning of the current year. During the year, shareholders purchased an actional $25,000 in stock Accounts payable $2,000 Miscellaneous Expense $1, 00 Accounts receivable 10,310 Omce expense 2140 Supres 72,470 e pense 47,000 14,400 Prepare a statement of stockholders equity for the current year ended statement of stonderstity Following are the selected transactions for April: (a) Received $18,000 from sale of common stock (b) Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $2,300 for rent for April. (d) Purchased $1,500 of supplies on account (e) Recorded $9,800 of fees earned on account (1) Received $7,500 in cash for fees earned (g) Paid $1,200 to creditors on account. (h) Paid wages of $3,425. Received $7,900 from customers on account Recorded dividends of $1,875. Required: Record the above selected transactions for April. Refer to the Chart of Accounts for exact wording of account des. General Joumal Instructions Chart of Accounts CHART OF ACCOUNTS General Ledger REVENUE 41 Fees Earned ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land EXPENSES 51 Wages Expense 53 Rent Expense 16 Equipment 17 Building 18 Truck 54 Utilities Expense 55 Maintenance Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Uneamed Revenue 23 Notes Payable EQUITY 31 Common Stock 32 Retained Earings 33 Dividends General Journal Prepare the journal entries on April 30. Refer to the Chart of Accounts for exact wording of account dides PAGE 1 JOURNAL ACCOUNTING EQUATION r ecord the try to move the ant es Calculator The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances $2,818 474 Accounts payable Accounts receivable Supplies Prepaid insurance 1,500 $513 741 500 1,611 1,716 1,800 Fees Eamed Insurance Expense Rent expense Land Wages expense Retained earnings Common stock 2,356 Cash Office equipment Dividends 678 5,500 5,029 Unearned rent 1,600 Total assets are a $2,970 . $2,818 . 58,724 d. $5,029 The common stock was $129,900 and the retained emings were 562,000 April The w ord s of Thompson Computer Service beginning of the current year. During the year, t h e $2.000 euro March 31, the end of the current year, and its revenue and expers for the year are web purchased an a l 526,000 in stock 51050 21.40 72,470 Wages expense 47 . 23,00 the city for the current Prepare a statement of entry leavit Ourgheshpur Om een 75.100 David 143670 a rch 31 Prepare an income Them for the current yeu an Computer Services e purchased on a 26,000 in stock beginning of the current year. During the year, sh Ac pewie 3,000 c Amuse 10,310 Om ustom 51,00 1,760 bunding uity for the current you Prepare a s ement of stockholders an entry wave There Calculator The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal b. $513 Fees Earned $2,818 Accounts payable Accounts receivable Supplies 741 Insurance Expense 474 500 Rent expense 1,500 Prepaid insurance 1,611 Land 2,356 Cash 1,716 Wages expense 678 5,500 Office equipment Dividends Unearned rent 1,800 784 1,600 Retained earnings Common stock 5,029 Total assets are a. $2,970 b. $2,818 c. $8,724 d. $5,029 the entries to correct the wingerne