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Nent CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BAR Exercise 3-01 Beverly Crusher is a...

Question:

nent CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BAR Exercise 3-01 Beverly Crusher is a licensed CPA. During
nent CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BAR Exercise 3-01 Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $32,000 cash and equipment valued at $14,000 in the business. 2 Hired an administrative assistant at a salary of $290 per week payable monthly 3 Purchased supplies on account $700. (Debit an asset account.) 7 Paid office rent of $600 for the month. 11 Completed a tax assignment and billed dient $1,100 for services rendered. (Use Service Revenue account.) 12 Received $3,200 advance on a management consulting engagement. 17 Received cash of $2.300 for services completed for Ferengi Co. 21 Pald Insurance expense $110. 30 Paid administrative assistant $1.160 for the month 30 A count of supplies indicated that $120 of supplies had been used. 30 Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusively for business purposes.) Journalize the transactions in the general journal. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no ent required, select "No entry for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Debit Account Titles and Explanation Date Credit 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc Policy. I earch

Answers

Date Account Titles and Explanations Debit Credit
1-Apr Cash 32,000
Equipment 14,000
Owner's capital 46,000
2-Apr No Entry
3-Apr Supplies 700
Accounts payable 700
7-Apr office rent 600
cash 600
11-Apr Accounts receivable 1,100
service revenue 1,100
12-Apr Cash 3,200
unearned service revenue 3,200
17-Apr Cash 2,300
Service revenue 2,300
21-Apr Insurance expense 110
Cash 110
30-Apr Wage expense 1,160
Cash 1,160
30-Apr Supplies expense 120
supplies. 120
30-Apr Equipment 6,100
Owner's Capital 6,100
.

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