PR 2-2A Journal entries and trial balance pg. 91 - 88499

Solution Posted by
Solution Detail
Price: $2.00
  • From: Mathematics, Algebra
  • Posted on: Thu 19 Feb, 2015
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description
On January 1, 2014, Alicia Masingale established Leopard Realty, which completed the following transactions during the month: a. Alicia Masingale transferred cash form a personal bank account to an account to be used for the business, $23, 500. b. Paid rent on office and equipment for the month, $4,000. c. Purchased supplies on account, $1,800. d. Paid creditor on account, $675. e. Earned sales commissions, receiving cash, $16,750. f. Paid automobile expense (including rental charge) for month, $1,000, and miscellaneous expenses, $800. g. Paid office salaries, $2,150. h. Determined that the cost of supplies used was $925. i. Withdrew cash for personal use, $1,600. Instructions 1. Journalize entries for transactions (a) through (i), using the following account titles: Cash; Supplies; Accounts Payable; Alicia Masingale, Capital; Alicia Masingale, Drawing; Sales Commissions; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense.
Solution Description

 

On January 1, 2014, Alicia Masingale established Leopard Realty, which completed the following transactions during the month:

a.     Alicia Masingale transferred cash form a persona

Attachments
1.docx
1.docx