contestada

There are selected transactions of Martin Consulting Service. Post the transactions into the appropriate Ledger accounts.
DATE TRANSACTIONS
20x1
Sept. 1 Marcus Martin invested $40,000 in cash to start the firm.
4 Purchased office equipment for $4,350 on credit from Zappo, Inc.; received Invoice 8925, payable in 30 days.
16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $28,000 in full payment.
20 Purchased supplies for $550; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $105.
30 Issued Check 1003 for $2,100 to Zappo, Inc., as payment on account for Invoice 8925.
30 Withdrew $3,000 in cash for personal expenses.
30 Issued Check 1004 for $4,500 to pay the rent for October.
30 Performed services for $11,325 in cash. 30 Paid $480 for monthly telephone bill, Check 1005.
Post the above transactions into the appropriate Ledger accounts.

Respuesta :

anthougo

Martin Consulting Service, posting transactions to the appropriate Ledger accounts are as follows:

Cash

Date      Account Titles           Debit      Credit

Sept. 1   Capital, Martin      $40,000

Sept. 16   Automobile                            $28,000

Sept. 20  Supplies                                        550

Sept. 23  Supplies                     105

Sept. 30 Accounts Payable (Zappo, Inc.) 2,100

Sept. 30 Drawings, Martin                        3,000

Sept. 30 Prepaid Rent                              4,500

Sept. 30 Service Revenue  11,325

Sept. 30 Utilities Expense                          480

Capital, Martin

Date      Account Titles           Debit      Credit

Sept. 1   Cash                                     $40,000

Office equipment

Date      Account Titles           Debit      Credit

Sept. 4 Accounts Payable

       (Zappo, Inc.)                 $4,350

Accounts Payable

Date      Account Titles           Debit      Credit

Sept. 4  Office equipment               $4,350

Sept. 30 Cash                      $2,100

Automobile

Date      Account Titles           Debit      Credit

Sept. 16  Cash                   $28,000

Supplies

Date      Account Titles           Debit      Credit

Sept. 20 Cash                        $550

Sept. 23 Cash                                         $105

 

Drawings

Date      Account Titles           Debit      Credit

Sept. 30 Cash                     $3,000

Prepaid Rent

Date      Account Titles           Debit      Credit

Sept. 30 Cash                     $4,500

Service Revenue

Date      Account Titles           Debit      Credit

Sept. 30 Cash                                     $11,325

Utilities Expense

Date      Account Titles           Debit      Credit

Sept. 30 Cash                         $480

Data Analysis:

Sept. 1 Cash $40,000 Capital, Martin $40,000

Sept. 4 Office equipment $4,350 Accounts Payable (Zappo, Inc.) $4,350

Sept. 16 Automobile $28,000 Cash $28,000

Sept. 20 Supplies $550 Cash $550

Sept. 23 Cash $105 Supplies $105

Sept. 30 Accounts Payable (Zappo, Inc.) $2,100 Cash $2,100

Sept. 30 Drawings, Martin $3,000 Cash $3,000

Sept. 30 Prepaid Rent $4,500 Cash $4,500

Sept. 30 Cash $11,325 Service Revenue $11,325

Sept. 30 Utilities Expense $480 Cash $480

Learn more: https://brainly.com/question/16781277

ACCESS MORE
ACCESS MORE
ACCESS MORE
ACCESS MORE

Otras preguntas