Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the transactions of harris company appear below. m

The transactions of Harris Company appear below. Mark Harris, owner, invested $68,000 cash in the...

60.1K

Verified Solution

Question

Accounting

The transactions of Harris Company appear below. Mark Harris, owner, invested $68,000 cash in the company in exchange for common stock. The company received $11,000 cash for services provided to a customer. The company purchased $9,000 of equipment on credit. The company billed a customer $5,100 for services provided. The company purchased supplies for $1,350 cash. The company paid $9,000 cash to settle the payable for the equipment purchased in transaction c. The company paid a $3,000 cash dividend to the owner (sole shareholder). The company collected $1,450 cash as partial payment for the account receivable created in transaction d. The company paid $1,600 cash for the monthly rent. Required: Prepare general journal entries to record the transactions of Harris Company

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

Basic Math
1.2K views

2 One jar of crushed ginger costs 2 How many jars can you buy for...

Statistics
1.2K views

A random sample of 26 seedless watermelons has a mean weight of 32.71 ounces and a...

Chemistry
1.2K views

Part A The activation energy of a certain reaction is 39.4kJ/mol . At 30 ?C , the...

General Management
1.2K views

In the Kantian CI, who is meant to be included in the words, "everyone," "others," and...

Physics
1.2K views

A point charge q is placed at centre of a hollow conducting sphere with radius...

Algebra
1.2K views

O parents O friends O experiences O All of the choices by your

Accounting
1.2K views

E14-25 (similar to) E Question Help Eastview Magazine issued $630,000 of 15-year, 9%...

Accounting
1.2K views

Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the...

Accounting
1.2K views

The Dakota Corporation had a 2021 taxable income of $28,500,000 from operations after all operating...

Accounting
1.2K views

Assignment No. 2 What are the personal and professional qualifications of a Palestinian external auditor

Accounting
1.2K views

please answer asap What can be interpreted from Accounting Standards Codification (ASC), of...

Accounting
1.2K views

1. Open the start file EX2016-ChallengeYourself-3-3 and resave the file as [your initials]EX-ChallengeYourself-3-3 2. If...