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

Other questions asked by students

Geometry
1.2K views

1 Given DE CG Prove ADEF AGCF bns c 2 quiansk p F D

Statistics
1.2K views

Jorge Jones, a recent management graduate has a new job as a shelf stocker at the...

Advance Math
1.2K views

The Regal Cycle Company manufactures three types of bicycles—a dirt bike, a mountain bike, and a...

Physics
1.2K views

is placed over a plane mirror as shown then object needle and its image coincide...

Geometry
1.2K views

3x Let 0 be the measure of an angle in radians in standard position with...

Basic Math
1.2K views

Number of bags 123456 2nd attempt Willingness to pay per bag 5 4 3 2...

Basic Math
1.2K views

The half-life of the radioactive element unobtanium-53 is 10 seconds. If 32 grams of unobtanium-53...

Algebra
1.2K views

Solve the following nonlinear system algebraically Be sure to check for non real solutions 4x...

Accounting
1.2K views

A company retired $75 million of its 9% bonds at 102 ($76.5 million) before their...

Accounting
1.2K views

Find the most recently available audited financial statements for any publicly traded Canadian company. The...

Accounting
1.2K views

Question Multifactor productivity: a) remains constant b) is never constant c) usually uses substitutes as...

Accounting
1.2K views

Part 1 SEGRO Corporation is a UK-based investment company and its financial year ends on...