1005. k. Wallace withdrew cash for personal use, 1,500, Ck. Bal. + 8.Paid for a newspaper advertisement, 200. 6. 2. 3. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. 3. b. Analyze each transaction, Journalize as appropriate. Solved Ming Chen began a professional practice on June 1 and | Chegg.com During June, Ming Chen (the owner) completed these transactions. Introduction: If there is, Q:Business transactions completed by Hannah Venedict during the month of September are as follows. Purchased supplies on account, 2,750. c. Paid creditor on account, 1,800. d. Earned sales commissions, receiving cash, 52,800. e. Paid rent on office and equipment for the month, 4,500. f. Paid dividends, 3,000. g. Paid automobile expenses for month, 1,100, and miscellaneous expenses, 1,200. h. Paid office salaries, 5,250. i. Instructions 1. Ming Chen began a professional practice on June 1 and plans to Bal. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers. The material used for derbies costs $4.50 per unit, and Dapper pays each of its two full-time employees $360 per week. 00. 30.Served as a disc jockey for a charity ball for 1,500. %3D Stock Determine the increase or decrease in owners equity for January. 31. 9. a. During June, Ming Chen (the owner) completed these transactions: a. The worker will be paid $275 per week. d. The company completed work for a client and immediately collected the $ 2, 500 \$2,500 $2, 500 cash earned.. Enter the following transactions on Page 2 of the two-column journal: 16. Ming Chen began a professional practice on June 1 and plans to prepare 4. b. Journal entry is an accounting entry to record every transaction takes place, A:A trial balance's main function is to confirm that the entries in a firm's accounting system are, Q:XYZ Company began operations on April 1 and completed these transactions during the month: Briefly explain why the owners investment and revenues increased owners equity, while withdrawals and expenses decreased owners equity. The company paid $1,500 cash for rent of office space for the month.
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