Question 4 of 5 $ Cullumber Corporation provides security services. Selected transactions for Cullumber are...

60.1K

Verified Solution

Question

Accounting

Question 4 of 5 $ Cullumber Corporation provides security services. Selected transactions for Cullumber are presented below. 4 Oct. 1 2 4 7 8 10 12 16 21 24 27 31 % 5 Issued common stock in exchange for $67,300 cash from investors. Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,000. Purchased equipment for $18,400, paying $4,100 cash and the balance on account. Paid $1,700 for advertising. Received bill for equipment repair cost of $420. Provided security services for event for $3,300 on account. Purchased supplies for $420 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $151. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $5,200. f6 6 Q Search 17 & 7 8 hp fg 9 W ho f 4.14/10 112
image
image
image
image
image
image
image
image
image
eTextbook and Media eTextbook 1 eTextbook 2 eTetbook 3 Advertising Expense 1700 Salaries and Wages Expense Maintenance \& Repairs Expense Oct. 10 Search Accounts Receivable Oct.12 v Supplies Ot. 16 420 Oct 27 tion 4 of 5 4.14/10 eTextbook and Media. List of Accounts Sintoriliter Attempts: 0 of 15 used An Q Sinch $ 5 Cullumber Corporation prcvides security services, Selected transactions for Cullumber are presented befow. Oct.1 Issued commonstock in exchange for $67,300 cash from investors. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be Octaber 15 . 4 Pald 1 month of rent for building for $2,000. 7 Purchased equipment for $18,400, paying $4,100 cash and the balance on account. 8 Paid $1.700 for advertisine 10 Recelved bill for equipment repair cost of $420. 12. Provided security services for event for $3,300 on account. 16. Purchased supplies for $420 on account. 21 Paid balance due from October 7 purchase of equipment: 24. Received and paid utility bili far $151. 27 Recelved powment fram customer for October 12 services performed 31 Paldemployer salaries and wapes of 55,200 . Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of joumal entries presented in me previous part. For accounts with zero balance select "Bal." from the list and enter " 0 " on the normal bolance side of the occount ar iedve it blank) Prepare a trial balance at October 31, 2025. (Do not list those occounts that have zero ending balance). Prepare a trial balance at October 31, 2025. (Do not list those accounts that hove zero ending bolance)

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