P2-2A - Name Instructor Financial Accounting 5th Edition by...

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FileName: a65f9048b01a05c7861a49086bf74b23bf70f669.xls, Tab: Problem P2-2A, Page 1 of 2, 10/06/2009, 03:40:45 Name: Date: Instructor: Course: Apr 1 Stockholders invested cash in the business in exchange for common stock. $25,000 Apr 1 Hired a secretary-receptionist at a salary of $300 per week payable monthly. Apr 2 Paid office rent for the month $800 Apr 3 Purchased architectural supplies on account from Halo Company $1,500 Apr 10 Completed blueprints on a carport and bil ed the client for services $900 Apr 11 Received cash advance from R. Welk for the design of a new home. $500 Apr 20 Received cash for services completed and delivered to P. Donahue. $1,500 Apr 30 Paid secretary-receptionist for the month $1,500 Apr 30 Paid Halo Company for accounts payable due $600 Judi uses the fol owing chart of accounts: 101 Cash 311 Common Stock 112 Accounts Receivable 400 Service Revenue 126 Supplies 726 Salary Expense 201 Accounts Payable 729 Rent Expense 205 Unearned Revenue Instructions: Date Accounts / Text/Memorandum Ref Debit Credit Apr 1 Cash 101 25,000 Common Stock 311 25,000 (To record the investment of $25,000 in exchange for stock) Apr 1 No entry is required Ref Amount Account Ref Amount Text / Memorandum Apr 2 Rent Expense 729 800 Cash 101 800 (To record the payment of monthly rent) Apr 3 Supplies 126 1,500 Accounts Payable 201 1,500 (To record the purchase of supplies on account from Halo Company) Apr 10 Accounts Receivable
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This note was uploaded on 04/04/2009 for the course ACC 321 taught by Professor Ahmedmokhtar during the Spring '09 term at Ain Shams University.

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P2-2A - Name Instructor Financial Accounting 5th Edition by...

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