Prepare general journal entries to record these transactions

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a.

 To launch the company, Jenna Aracel, the owner, invested $210,000 cash, office equipment with a value of $6,500, and $78,000 of drafting equipment in exchange for common stock.

b.

The company purchased land worth $57,000 for an office by paying $8,900 cash and signing a long-term note payable for $48,100.

c.

The company purchased a portable building with $58,000 cash and moved it onto the land acquired in b.

d.The company paid $3,500 cash for the premium on an 18-month insurance policy.
e.

The company completed and delivered a set of plans for a client and collected $7,000 cash.

 f.

The company purchased $34,000 of additional drafting equipment by paying $9,600 cash and signing a long-term note payable for $24,400.

g.

The company completed $19,500 of engineering services for a client. This amount is to be received in 30 days.

h.The company purchased $1,650 of additional office equipment on credit.
i.The company completed engineering services for $20,000 on credit.
j.

The company received a bill for rent of equipment that was used on a recently completed job. The $1,617 rent cost must be paid within 30 days.

k.The company collected $7,000 cash in partial payment from the client described in transaction g.
l.The company paid $1,600 cash for wages to a drafting assistant.
m.The company paid $1,650 cash to settle the account payable created in transaction h.
n.The company paid $900 cash for minor maintenance of its drafting equipment.
o.The company paid $9,950 cash in dividends.
p.The company paid $2,200 cash for wages to a drafting assistant.
q.The company paid $4,100 cash for advertisements on the Web during June.

    

Required:
1.

Prepare general journal entries to record these transactions.

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