Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please use a table or something n entries cre

Please use a table or something n Entries Creative Designs,...

60.1K

Verified Solution

Question

Accounting

Please use a table or something
image
n Entries Creative Designs, a firm providing art services for advertisers, began busi ess on June 1. The following accounts in its general ledger are needed to record the transactions for June: Cash: Accounts Receivable: Supplies: Office Equipment: Accounts Payable; Common Stoc)k Dividends; Service Fees Earned; Rent Expense; Utilities Expense; and Salaries Expense. a. Using the accounting equation, record each of the transactions in columnar format b. Use journal entries to record the following transactions for June in the general journal. June 1 Lisa Ryan invested $8,000 cash to begin the business; she received common stock for her investment. Paid rent for June, $450. Purchased office equipment on account, $3.500. Purchased art materials and other supplies costing $2.500: paid $900 down with the re. mainder due within 30 days. Billed clients for services, $4,750 Collected $2,100 from clients on account. Paid $2,000 on account to office equipment company (see June 3 transaction). Lisa Ryan received a $750 dividend. Paid utility bill for June, $450. Paid salaries for June, $2,750. 2 3 6 11 17 19 25 30 30

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

The wave number of the spectral line in the emission spectrum of hydrogen will be...

Physics
Q

Starting with the graph of f(x) = 3?, write the equation of the graph that...

Geometry
Q

1. Discuss the factors that affect blood flow in the vasculature and their relationship to blood...

Medical Sciences
Q

What can we learn from the story of Titus about each of the following: (a) the...

Biology
Q

Use ALL the data found in the Excel file for your analysis. Calculate the following: Run the...

Advance Math
Q

(1) if five year interest rates on USD and CDN are 6% and 5% respectively, and...

Finance
Q

The well known psychologist Dr Elbod has established what he calls his Generalized Anxiety Scale...

Statistics
Q

Graph the following iction f x Label the vertical asymptote State the domain and range...

Calculus
Q

U Multi Step The table shows the volum S 1 2 3 1 8 27

Algebra
Q

X 3 a 3x 4 6x 4x 16x 2 X 3 3 3 3 6...

Algebra
Q

Krogh Lumber's 2021 financial statements are shown here. Krogh Lumber: Balance Sheet...

Accounting
Q

The following is an alphabetical listing of the accounts and their adjusted balances of Wallace...

Accounting