please help:( 1. Required information View trancestion...

50.1K

Verified Solution

Question

Accounting

please help:(
image
image
image
image
image
1. Required information View trancestion fiat View journal entry workahest Part 1 of 6 10 points 31 Physically counted supplies; \\( \\$ 120 \\) was on hand at the end of the period. c. Prepare a trial balance. Required information The foliowing information applies to the questions displayed below] The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired \\( \\$ 46,000 \\) cash fron the issue of conson stock. Feb. 1 paid rent for office space for two years, \\( \\$ 33,000 \\) cash. Apr. 10 purchased \\( \\$ 820 \\) of supplies on account. July 1 Received \\( \\$ 21 \\), eae cash in advance for services to be provided over the next yeat. 20 Pald \\( \\$ 615 \\) of the accounts payable fron April 10. Aug. 15 Bitled a custoener \\( \\$ 9,800 \\) for services provided during August. Sept.15 Conpleted a job and received \\( \\$ 3,000 \\) cash for services rendered. oct. 1 Paid enployee salaries of 537,590 cosh. 15 Received 58,800 cash from accounts receivable. Nov. 16 Bitled custoners \\( \\$ 34,000 \\) for services rendered on account. Dec. 1 Paid a dividend of 580 cash to the stockholders. 31 Adfusted records to recognize the services provided on the contract of July 1. 31 Recorded 52,250 of accrued salaries as of Decenber 31 . 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted suppliest \\( \\$ 120 \\) was on hand at the end of the period. Required a. Record the preceding transactions in the general journal, in the given order, (If no entry is required for a transaction/event select \"No journal entry required\" in the first account field.)

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