Journalize the following transactions by Flint Printing Company. (Credit account titles are automatically indented when...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Journalize the following transactions by Flint Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
1.
Stockholders invest $ 94,000 cash to start the business.
2.
Purchased three digital copy machines for $ 440,000, paying $ 108,000 cash and signing a 5-year, 6% note for the remainder.
3.
Purchased $ 5,300 paper supplies on credit.
4.
Cash received for photocopy services amounted to $ 8,000.
5.
Paid $ 450 cash for radio advertising.
6.
Paid $ 950 on account for paper supplies purchased in transaction 3.
7.
Dividends of $ 1,600 were paid to stockholders.
8.
Paid $ 1,300 cash for rent for the current month.
9.
Received $ 2,500 cash advance from a customer for future copying.
10.
Billed a customer for $ 550 for photocopy services completed.
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!
