Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2- brian hans opened a consulting company, and the

2- Brian Hans opened a consulting company, and the following transactions resulted for the month...

60.1K

Verified Solution

Question

Accounting

2- Brian Hans opened a consulting company, and the following transactions resulted for the month of September: Sept 1 Brian invested $40,000 in the consulting agency. Sept 2 Bought office equipment on account, $7,000. Sept 3 Agency received cash for consulting work that it completed for a client, $2,000. Sept 4 Brian paid a personal bill from the company check book, $150. Sept 5 Paid advertising expense for the month, $300. Sept 10. Paid $1,100 as partial payment of what was owed on account for equipment purchased. Journalise the above transactions and give proper explanation for each entry. Q-3- Define Trial Balance and discuss errors that disclosed and not disclosed by trial balance. Q-4- Record the following transactions

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which of the following commands will throw an error for all vectors x all refers...

Basic Math
Q

Explain how to solve the following problems step by step, andreason it should be...

Basic Math
Q

Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the...

Advance Math
Q

Put the steps into the correct order to trace knee degeneration.- As the splits in...

Biology
Q

Drag and drop the scientist to their appropriate column.Supported Spontaneous GenerationDid not Support Spontaneous GenerationJan...

Biology
Q

Periodic Table Unit Test Question 7 Which of the following dimensional analysis set up is...

Biology
Q

6 12 Determine the force in each member of the tru and state if the...

Statistics
Q

Your friend, Suzie Chang, has designed a new type of outdoor toy that helps children...

Accounting
Q

Required Schedule C calculation in detail and form 1040 calculation detail Mark Moore, 48, Social...

Accounting
Q

Process Cost Journal Entries The cost of materials transferred into the Rolling Department of...

Accounting
Q

Cada uno de los siguientes disminuye el capital contable total excepto un a. dividendo...

Accounting
Q

Assume that you own 1,500 shares of $10 par value common stock and the company...

Accounting