Class Participation Algorithmic Problem-Chapter Two 2A

Class Participation Algorithmic Problem-Chapter Two 2A -...

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Assignment score: 100% 1. Your answer: Problem 2-2A (Algorithmic) Journal entries and Trial balance >> Additional Resources << The spreadsheet required to complete this activity is listed in the "Additional Resources" drop- down menu above along with other optional resources. To access each resource, click on its name in the drop-down menu above. On October 1, 2010, Cody Doerr established Banyan Realty, which completed the following transactions during the month. 1. Journalize the transactions. If a box does not require an entry, leave it blank. a. Cody Doerr transferred cash from a personal bank account to an account to be used for the business, $51,000. Account Debit Credit Cash 51000 Cody Doerr, Capital 51000 b. Purchased supplies on account, $2,910. Account Debit Credit Supplies 2910 Accounts Payable 2910 c. Earned sales commissions, receiving cash, $35,700.
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Account Debit Credit Cash 35700 Sales Commissions 35700 d. Paid rent on office and equipment for the month, $11,070. Account
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This note was uploaded on 08/12/2010 for the course ACCT 1A taught by Professor Seyedin during the Spring '10 term at Foothill College.

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Class Participation Algorithmic Problem-Chapter Two 2A -...

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