the issuance of common stock
please see and use this attached file for the assignment
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Jan. 1 Acquired $25,000 cash from the issuance of common stock.Mar.Â
1Â Paid rent for office space for two years, $8,400 cash.
Apr. 14Purchased $400 of supplies on account.
June 30Received $12,000 cash in advance for services to be performed over the next year
July 5Paid $300 of the accounts payable from April 14thAug. 1Billed a customer for $24,800 of services provided during
July.Sept.  1Paid employees salaries of $18,000 cash.
Sept. 9Received $4,250 cash from accounts receivable.
Nov. 2Paid a $500 cash dividend to the stockholders.
Dec 31Â Adjusted records to recognize the services provided on the contract of
June 30.
Dec 31Recorded $1,100 of accrued salaries as of December 31st.
Dec 31Recorded the rent expense for the year. (See March 1)
Dec 31Physically counted supplies; $50 on hand at the end of the year.
Â
needed is trial balance.
trial balance after closing
Post the transactions to the T-accounts.
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Answers
Status NEW
Posted 20 Jun 2017 05:06 AM
My Price 8.00
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file 1497938523-Solutions file.docx preview (56 words )
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