Acnt1303-ExcelProblem04-2A-1

Acnt1303-ExcelProblem04-2A-1 - Given Data P04-02A: VENTURE...

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Given Data P04-02A: 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
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Venture Consultants General Journal Date Explanation Debit Credit Mar 1 Cash 150,000 Ofc Equipment 3,000 D. Brooks Capital 2 Prepaid Rent Cash 3 Ofc Equipment Ofc Supplies A/P 6 Cash Services Revenue 9 A/R Services Revenue 10 A/P Cash 19 Prepaid Insurance Cash
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This note was uploaded on 02/16/2010 for the course ACCT 2301 taught by Professor Butler during the Spring '09 term at University of Houston - Downtown.

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Acnt1303-ExcelProblem04-2A-1 - Given Data P04-02A: VENTURE...

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