Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. prepare the joumal entries| (1) on 02/01/2024, b

Prepare the joumal entries| (1) On 02/01/2024, Bamey Rubble invested $20,000 of his...

80.2K

Verified Solution

Question

Accounting

Prepare the joumal entries|
(1) On 02/01/2024, Bamey Rubble invested $20,000 of his personal funds into the company in exchange for common stock.
(2) On 02/1/2024, Baraf Saaf Company purchased a snow plow truck for $80,000 by borrowing $60,000 from Bedrock Bank and paying the remaining $20,000 in cash.
(3) On 021?2024, Baraf Saaf Company received an advance payment of $300 from a new client for snow removal services to be rendered during February and March 2024
(4) On 021?2024, Baraf Saaf Company paid monthly rent on its office space for February, which amounted to $1,600.
(5) On 02/09/2024 Baraf Saaf Company received a Dominion Energy invoice $1,105 and was paid on the day received.
(6) On 02/15/2024, Baraf Saaf Company purchased office supplies for $3,500 using a line-of-credit that was established with the vendor.
(7) On 02/20/2024, Fred secured a 90-day note payable from Bedrock Bank, borrowing $30,000 in cash to cover operating expenses for the next three months.
Search
image

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The firearms manufacturer that sells its firearms to the local sheriff’s department has 2000 used firearms...

Statistics
Q

House Beer has three breweries in Portland, New York and Scranton. The cases of beer are...

General Management
Q

The first commercial application of genetic engineering was the use of bacteria to make insulin...

Biology
Q

Points 2 Which option describes the caucus nomination method People who want to run for...

Biology
Q

Let g(x) = x + (8/x)Determine the equation of the tangent line to g at...

Calculus
Q

Navy Corporation has E&P of $240,000. It distributes land with a fair market value of...

Accounting
Q

The following data were taken from the financial records of Mydorf Compary. (b) What conclusions...

Accounting
Q

Blossom Corporation incurred the following transactions. 1. Purchased raw materials on account $53,600. Raw materials...

Accounting
Q

Using the information below, calculate the Debt ratio for Rutgers Inc. based on the information...

Accounting
Q

Having trouble with question 1 and 2. Question 1: NEWS would like to compare two...

Accounting
Q

A company uses the average cost retail method to estimate inventories. Data for the first...

Accounting
Q

All of the following are categories of Hall's silent languages except: The distance between two...

Finance