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Question 1 of 5 - 76 View Policies Current Attempt in Progress Sandhill Computer Corporation had the following opening account balances at the end of Aprilt: Cash $5,000: Accounts Receivable $7,000, Accounts Payable $2.500. Common Shares $5.000, and Retained Earnings $4,500. It entered into the following transactions during the month of May. 1 Purchased equipment on account for $7.600. 2. Paid $2,000 for rent for the month of May. Provided computer services for $4,300 on account 4 Paid Ontario Hydro $400 cash for utilities used in May. Borrowed $19.800 from the bank Paid supplier for equipment purchased in transaction 1. 7. Purchased a one-year accident insurance policy for 5500 cash. Recelved $3,100 cash in partial payment of the account owed in transaction 3. 9. Declared and paid $500 of dividends to shareholders Pald Income tax or $250 for the month, 3. 5. 6. 00 8. 10 . Joumalize the transactions (list all debit entries before credit entries. 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 o for the amounts.) No Account Titles and Explanation Debit Credit 1 2 Journalize the transactions. (List all debit entries before credit entries. 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 o for the amounts.) No. Account Titles and Explanation Debit Credit 1 2 3 5. 7 8 9. 10 -/6 E 4 Question 2 of 5 View Policies Current Attempt in Progress Selected transactions for Sandhill Ltd, during its first month of operations are presented below: Mar. 2 Issued common shares for $15.000 cash Purchased used car for 51.100 cash and $9.000 on account for use in the business. Billed customers $2,800 for services performed. Pald $300 cash to advertise business opening Received $1.100 cash from customers billed on March 10. Paid amount owing for used car purchased on March 4 30 Received $500 cash from a customer for services to be performed in April Declared and paid $2.200 of dividends to shareholders. 10 13 25 27 31 Journalize the transactions, (List oll debit entries before credit entries. 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 tities and enter for the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Cre 30 Received $500 cash from a customer for services to be performed in April. Declared and paid $2.200 of dividends to shareholders. 31 Journalize the transactions. (List all debit entries before credit entries. 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 o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Cre Question 3 of 5 View Policies Current Attempt in Progress The journal entries for Sandhill Ltd. were prepared below. Date Debit Credit Mar2 11.500 Account Titles and Explanation Cash Common Shares Vehicles 11.500 10.500 Cash 2000 8.500 Accounts Payable Accounts Receivable 10 2.100 Service Revenue 2.100 13 225 Advertising Expense Cash 275 25 Cash 2.000 Accounts Receivable 2.000 27 Accounts Payable 8.500 Cash 8.500 30 500 Cash Deferred Revenue Dividends Declared 500 31 300 Cash 300 Using accounts post the journal entries to the general ledger, and determine the ending balances in each account (Post entries in the order presented in the problem statement: Cash Accounts Receive Question 3 of 5 - / 8 View Policies Current Attempt in Progress Oriole Ltd. had the following opening account balances at July 31: Cash $3,500, Accounts Receivable $3.000; Equipment $2,500, Accounts Payable $1,500: Common Shares $3.000, and Retained Earnings $4.500. Oriole's general Journal for the month of August is presented here GENERAL JOURNAL Account Titles Debit Date Credit Aug 7 Cash 1.800 1.800 10 Service Revenue Equipment Cash 4000 1,500 Bank Loan Payable 2500 14 Accounts Receivable 1.400 Service Revenue 1.400 16 Cash 900 Deferred Revenue 900 28 Cash 900 Accounts Receivable 900 30 3.000 Salaries Expense Cash 3.000 31 500 Dividends Declared Cash 500 ( Using Taccounts, enter the opening balances at July 31. post the August journal entries to the general ledge and determine the ending balances in each account. (Post entries in the order presented in the problem statement Cash (b) Using Taccounts, enter the opening balances at July 31, post the August journal entries to the general ledger, and determine the ending balances in each account. (Post entries in the order presented in the problem statement) Cash Accounts Receivable Equipment Accounts Payable Deferred Revenue Bank Loan Payable Con Shaw Accounts Payable Deferred Revenue Bank Loan Payable Common Shares Retained Earnings Dividends Declared Service Revenue Salaries Expense - 16 5 Question 5 of 5 View Policies Current Attempt in Progress The following is a list of accounts, in alphabetical order for Cullumber Ltd. at December 31, 2021. All accounts have a normal balance Accounts payable $1,400 Income tax expense $500 Accounts receivable 8.000 Office expense 4.200 Accumulated depreciation equipment 4,500 Rent expense 1,500 Cash 11.000 Retained earnings 18.300 Common Shares 7,000 Salaries expense 9,300 Deferred revenue 2.500 Salaries payable 3.000 Depreciation expense 2.000 Service revenue 20.500 Dividends declared 4,500 Supplies 4000 Equipment 11.000 Supplies expense 1.200 Prepare a statement of income for the year ended December 31, 2021 CULLUMBER LTD Statement of Income . e Textbook and Media List of Accounts Save for Later Attempts:0 of 3 used Submit

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