Maurice Tutor

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About Maurice Tutor

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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: 401 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 25 Sep 2017 My Price 7.00

licensed CPA.

Iris Beck is a licensed CPA. During the first month of operations of her business, the following events and transactions occurred.

 

1

Beck invested $20,000 cash in her business.
 

2

Hired a secretary-receptionist at a salary of $2,000 per month.
 

3

Purchased $2,500 of supplies on account from Tinio Supply Company.
 

7

Paid office rent of $900 cash for the month.
 

11

Completed a tax assignment and billed client $3,200 for services performed.
 

12

Received $3,500 advance on a management consulting engagement.
 

17

Received cash of $1,200 for services performed for Misra Co.
 

31

Paid secretary-receptionist $2,000 salary for the month.
 

31

Paid 60% of balance due Tinio Supply Company.

Iris uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 301 Owner's Capital, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense.

Instructions

(a) Journalize the transactions.

(b) Post to the ledger accounts.

(c) Prepare a trial balance on May 31, 2014.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 06:09 PM My Price 7.00

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