Question 6&7 pleaseThanks Oct. 1 Elton Worth invested $55,000 cash, a...

60.1K

Verified Solution

Question

Accounting

Question 6&7 pleaseThanks
image
Oct. 1 Elton Worth invested $55,000 cash, a used computer system valued at $11,520, and $19.800 of office equipment in the business. 2 Paid six months of rent in advance: $11.880. 3 Purchased computer supplies on credit for $1,300 from Kensington Supplies 5 Paid $14,400 cash for one year's premium on a property and liability insurance policy 6 Billed Battleford Lighting $3,400 for installing a new computer system and providing Battleford Lighting's employees with training. 8 Paid for the computer supplies purchased from Kensington Supplies 10 Hired Anne Stafford as a part-time assistant for $265 per day, as needed. 12 Billed Battleford Lighting another $3,590 for computer services rendered 15 Received $700 from Battleford Lighting on its account. 17 Paid $125 to repair equipment damaged when moving into the new office 20 Paid $3,100 for an advertisement in the local newspaper. 22 Received the balance owing from Battleford Lighting on its account. 28 Billed Wallace & Sons Inc. $3,380 for services. 31 Paid Anne Stafford for 12 days' work. 31 Elton Worth withdrew $2,500 cash from the business for personal use. Part B Required 6. Prepare journal entries to record each of the following November transactions 7. Post the November entries

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