Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 2 (28 points) the following transactions

Question 2 (28 points) The following transactions occurred during Spector Enterprises's first month...

90.2K

Verified Solution

Question

Accounting

imageimage

Question 2 (28 points) The following transactions occurred during Spector Enterprises's first month of operations, June 2021: Jun 01 - The owner, Melvin Braveheart, created the company by investing $34,977 cash, a automobile worth $37,538 and $2,246 of computer, network and printing equipment. Jun 07 - The company purchased $5,788 of liability insurance for cash. Jun 07 - The company acquired pens, paperclips, and computer paper worth $2,879 on account. Jun 07 - Customers of Spector Enterprises paid $24,896 for services provided so far this month. Jun 08 - Melvin Braveheart told the bookkeeper to pay the employees $8,515 for their work this month. Jun 08 - The company purchased TV media advertising for $301. Jun 24 - The owner withdrew $7,770 for personal use. Jun 24 - The owner withdrew $7,770 for personal use. REQUIRED: 1. Prepare journal entries using the accounts provided in the general ledger. Ensure that your journal entries are in proper format. (10 marks) 2. Post the journal entries to the accounts in the general ledger. (10 marks) 3. Prepare the unadjusted trial balance. (8 marks) v Paragraph B I U v A/ oi + Lato (Recom... 19px ... Eo > o D O CH 2C

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

Percent Markdown A shirt was originally priced at $30. The store is having a 35%...

Basic Math
1.2K views

Jack is riding his bicycle from home to LeConte College with a velocity given by v(t)=...

Advance Math
1.2K views

Find the subgroup of d4 and the normal and non normal subgroups of d3 and d4...

Civil Engineering
1.2K views

write an detailed essay on the type of concrete used for a bridge that has a...

Accounting
1.2K views

true or false: The weighted-average approach to process costing combines the work and costs done in...

Biology
1.2K views

The oldest known fossils on earth are Ostromatolites Obrown algae O sharks O fungus

Physics
1.2K views

strong The cheat along aving ect to que of dipole c d 30 0 44...

Calculus
1.2K views

Find the derivative and simplify.d/dx 5x4 - x +7x+8What is d/dx 5x4 - x +7x+8?...

Algebra
1.2K views

Let f x 2 and g x x 1 find a fog x b gof...

Accounting
1.2K views

Mayfield Corporation, que tiene un perodo contable de ao calendario, compr una mquina nueva por...

Accounting
1.2K views

On January 1,2024, Vijay Communications granted restricted stock units (RSUs) representing 10 million of its...

Accounting
1.2K views

can you do letter c Harith Yes December 31 Ver...