Chap2B_Hoang

Chap2B_Hoang - Given Data Chap 2B VENTURE CONSULTANTS Mar 1...

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Given Data Chap 2B VENTURE CONSULTANTS Mar 1 Invested cash $150,000 Invested office equipment 22,000 2 Prepaid six months' rent 6,000 3 Purchased office equipment on credit 3,000 Purchased office supplies on credit 1,200 6 Completed services and received cash 4,000 9 Completed services for account receivable 7,500 in 30 days 12 Paid account payable created March 3 4,200 19 Paid cash for annual insurance premium 5,000 22 Received for March 9 work 3,500 25 Completed services on credit 3,820 29 Withdrew cash for personal use 5,100 30 Purchased office supplies on credit 600 31 Paid cash for month's utility bill 500 Check figures: (2) Ending balances Cash $136,700 Accounts Receivable 7,820 Accounts Payable 600 (3) Total debits $187,920 Kasey Reese opens a consulting business. 1. Prepare general journal entries to record these transactions on page 55-68 2. Open the following ledger accounts according to the transactions in part 1 Such as Cash begins with balance of $150,000 balance and office equipment began with a
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Chap2B_Hoang - Given Data Chap 2B VENTURE CONSULTANTS Mar 1...

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