Post the transactions to T-accounts

Assignment Help Accounting Basics

Reference no: EM132217356

Question - Riverbed Corp provides security services. Selected transactions for Riverbed Corp are presented below:

Oct. 1 Issued common stock in exchange for $67,300 cash from investors.

Oct. 2 Hired part-time security consultant. Salary will be $2,000 per month.

Oct. 4 Paid 1 month of rent for building for $2,000.

Oct. 7 Purchased equipment for $18,400, paying $4,100 cash and the balance on account.

Oct. 8 Paid $500 for advertising.

Oct. 10 Received bill for equipment repair cost of $400.

Oct. 12 Provided security services for event for $3,300 on account.

Oct. 16 Purchased supplies for $420 on account.

Oct. 21 Paid balance due from October 7 purchase of equipment.

Oct. 24 Received and paid utility bill for $151.

Oct. 27 Received payment from customer for October 12 services performed.

Oct. 31 Paid employee salaries and wages of $5,200.

Required - Post the transactions to T-accounts.

Reference no: EM132217356

Questions Cloud

Professional memorandum to the CSR Planning Team : You will write the concept plan for. Then write a professional memorandum to the CSR Planning Team which clearly describes your concept plan for the event.

Developing disaster recovery plan : List six things to consider when developing a disaster recovery plan (DRP)

What are dorothy expected profits : Dorothy’s pastries are fresh baked daily and sold at several specialty shops throughout town. What are Dorothy’s expected profits?

Explain the role of data governance in keeping data secure : Explain at least two methods of how organizations can ensure good data including the structure and applications necessary.

Post the transactions to T-accounts : Oct. 1 Issued common stock in exchange for $67,300 cash from investors. Oct. 8 Paid $500 for advertising. Post the transactions to T-accounts

How the use of a unique set of standards might impact : Describe how the use of a unique set of standards might impact the auditing process.

Manage rivalry and increase industry profitability : Discuss how companies can use (a) product differentiation, and (b) capacity control to manage rivalry and increase an industry's profitability.

Describe the role of data mining in the articles : Describe the role of"data Mining" in the articles using your own words along with cited content to support the research. Be sure to cite your sources.

Why do you think check-in dynamic displays : Why do you think Check-In Dynamic Displays are becoming a thing of the past?

User Account

All Pages