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Acct 2301 Chap 2B Excel Solution0

Acct 2301 Chap 2B Excel Solution0 - Given Data Chap 2B...

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Given Data Chap 2B Given 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 22,000 D. Brooks Capital 172,000 2 Prepaid Rent 6,000 Cash 6,000 3 Ofc Equipment 3,000 Ofc Supplies 1,200 A/P 4,200 6 Cash 4,000 Services Revenue 4,000 9 A/R 7,500 Services Revenue 7,500 10 A/P 4,200 Cash 4,200 19 Prepaid Insurance 5,000 Cash 5,000 22 Cash 3,500 A/R 3,500 25 A/R 3,820 Services Revenue 3,820 29 D. Brooks, Withdrawals
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