BUAD 305HW 2

BUAD 305HW 2 - Cash Common Stock April 1 14000 April 2 900...

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BUAD 305 Homework 2 P3 - 5A a.) Journalize the transactions, including explanations General Journal Date Account Titles and Explanation Debit Credit April 1 Cash 14,000   Common stock 14,000     (Issued common stock for cash) 1 No transaction 2 Rent Expense 900   Cash 900     (Paid cash for office rent) 3 Suppliess 1,000   Account Payable  1,000     (Puchased supplies in account from Spring Green Company) 10 Account Receivable 1,100   Service Revenue 1,100     (Billed coustomer for services) 11 Cash 500   Service Revenue 500     (Received cash from J.Madison) 20 Cash 2,300   Service Revenue 2,300     (Received cash from services) 30 Salaries Expense 1,500   Cash 1,500     (Paid Salaries) 30 Account Payable 100   Cash 100     (Paid Creditor on account)
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b) Post to the ledger T accounts
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Unformatted text preview: Cash Common Stock April 1 14000 April 2 900 April 1 14000 11 500 30 1500 Balance 14000 20 2300 30 100 Balance 14300 Supplies Rent Expense April 3 1000 April 2 900 Balance 1000 Balance 900 Account Receivable Service Revenue April 10 1100 April 10 1100 Balance 1100 11 500 20 2300 Salaries Expense Balance 3900 April 30 1500 Balance 1500 Account Payable April 30 100 April 3 1000 Balance 900 C) Prepare a trial balance on April 30, 2007 F.L. Wright Architects Trial Balance 30-Apr-07 Debit Credit Cash $14,300 Account Receivable 1100 Supplies 1000 Account Payable $900 Common Stock 14000 Services Revenue 3900 Salaries Expense 1500 Rent Expense 900 $18,800 $18,800...
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This note was uploaded on 06/29/2008 for the course BUAD 305 taught by Professor Davila during the Spring '07 term at USC.

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BUAD 305HW 2 - Cash Common Stock April 1 14000 April 2 900...

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