Brown is a licensed cpa throughout the first month of

Reference no: EM13392967

Brown is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $73,600 cash and equipment valued at $32,200 in the business.

2 Hired a secretary-receptionist at a salary of $667 per week, payable monthly.

3 Purchased supplies on account $1,610. (Debit an asset account.)

7 Paid office rent of $1,380 for the month.

11 Completed a tax assignment and billed client $2,530 for services rendered. (Use Service Revenue account.)

12 Received $7,360 advance on a management consulting engagement.

17 Received cash of $5,290 for services completed for Calunga Co.

21 Paid insurance expense $253.

30 Paid secretary-receptionist $2,668 for the month.

30 A count of supplies indicated that $276 of supplies had been used.

30 Purchased a new computer for $14,030 with personal funds. (The computer will be used exclusively for business purposes.)
Instructions

Journalize the transactions in the general journal. (Omit explanations.)

Reference no: EM13392967

Questions Cloud

Outline a plan which will evaluate the effectiveness of the : write a six to eight 6-8 page paper in which you1. outline a plan that will assess the effectiveness of the market

Determine consumer surplus the producer surplus of nuclear : consider an economy in which the demand for electricity is qd 100p where qd is the quantity demanded and p is the

Using the small group discussion boardthe group will come : individual portionyour individual task will be to contribute a section of the product proposal and pro-forma statement

Assume that entry or exit occurs in monopolistic industry : assume that in short-run equilibrium a particular monopolistically competitive firm charges 12 for each unit of its

Brown is a licensed cpa throughout the first month of : brown is a licensed cpa. during the first month of operations of her business a sole proprietorship the following

Recognize and explain the six principles for organizations : 1. define social responsibility. 2.list the three main reasons for government regulation of businesses. 3. explain the

What have been the impacts of organizations who have : michael porter was a business researcher who made popular the concept of a value chain that is common to most business

You have an opportunity to buy a 1000 bond which matures in : 1.you have an opportunity to buy a 1000 bond which matures in 10 years. the bond pays 30 every six months. the current

Explain the best possible steps for a project manager to : demonstrate the best possible steps for a project manager to take in order to price out a job in which the

User Account

All Pages