Business, 28.02.2021 17:00 angelteddy033
Barbara Crusher 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 $27,330 cash and equipment valued at $14,650 in the business.
2 Hired an administrative assistant at a salary of $338 per week payable monthly.
3 Purchased supplies on account $775. (Debit an asset account.)
7 Paid office rent of $590 for the month.
11 Completed a tax assignment and billed client $929 for services rendered. (Use Service Revenue account.)
12 Received $3,021 advance on a management consulting engagement.
17 Received cash of $2,535 for services completed for Ferengi Co.
21 Paid insurance expense $101.
30 Paid administrative assistant $1,352 for the month.
30 A count of supplies indicated that $138 of supplies had been used.
30 Purchased a new computer for $5,841 with personal funds. (The computer will be used exclusively for business purposes.)
Required:
Journalize the transactions in the general journal.
Answers: 1
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Barbara Crusher is a licensed CPA. During the first month of operations of her business (a sole prop...
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