Module One Homework 2-1A

Module One Homework 2-1A - Student Name Denysia Lewis Class...

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Unformatted text preview: Student Name: Denysia Lewis Class: Priniciples of Accounting 1 Problem 02-01A TECHNOLOGY CONSULTANTS General Journal Date Explanation Debit Credit Apr 1Cash 100,000 Office Equipment 24,000 Common Stock 124,000 «- Correct! Owner invested cash and equipment. 2Prepaid Rent 7,200 Cash 7,200 «- Correct! Prepaid twelve months' rent. 3Office Equipment 12,000 Office Supplies 2,400 Accounts Payable 14,400 «- Correct! Purchased equipment and supplies on credit. 6Cash 2,000 Services Revenue 2,000 «- Correct! Received cash for services. 9Accounts Receivable 8,000 Services Revenue 8,000 «- Correct! Bil ed client for completed work. 13Accounts Payable 14,400 Cash 14,400 «- Correct! Paid balance due on account. 19Prepaid Insurance 6,000 Cash 6,000 «- Correct! Paid premium for insurance. 22Cash 6,400 Accounts Receivable 6,400 «- Correct! Col ected part of amount owed by client. 25Accounts Receivable 2,640 Services Revenue 2,640 «- Correct! Bil ed client for completed work. 28Dividends 6,200 Cash 6,200 «- Correct! Paid cash dividends. 29Office Supplies 800 Accounts Payable 800 «- Correct! Purchased supplies on account....
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Module One Homework 2-1A - Student Name Denysia Lewis Class...

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