Maurice Tutor

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About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 19 Aug 2017 My Price 9.00

Brown Consulting Services

Brown Consulting Services organized as a corporation on January 18 and engaged in the following transactions during its first two weeks of operation:

Jan. 18     Issued capital stock in exchange for $30,000 cash.

Jan. 22     Borrowed $20,000 from its bank by issuing a note payable. Jan. 23                Paid $100 for a radio advertisement aired on January 24. Jan. 25             Provided $1,000 of services to clients for cash.

Jan. 26     Provided $2,000 of services to clients on account.

Jan. 31     Collected $800 cash from clients for the services provided on January 26.

a.       Record each of these transactions.

b.       Determine the balance in the Cash account on January 31. Be certain to state whether the bal- ance is debit or credit.

 

Five account classifications are shown as column headings in the table below. For each account classification, indicate the manner in which increases and decreases are recorded (i.e., by debits or by credits).

 

Owners’ Revenue              Expenses               Assets                      Liabilities        Equity

 

 

 

 

 

 

 

 

 

 

 

 

 
 

Increases recorded by: Decreases recorded by:

 

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 05:08 PM My Price 9.00

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