Skysong crusher is a licensed cpa. during the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.
april 2 invested $27,070 cash and equipment valued at $12,900 in the business.
2 hired an administrative assistant at a salary of $255 per week payable monthly.
3 purchased supplies on account $833. (debit an asset account.)
7 paid office rent of $546 for the month.
11 completed a tax assignment and billed client $1,160 for services rendered. (use service revenue account.)
12 received $2,589 advance on a management consulting engagement.
17 received cash of $2,201 for services completed for ferengi co.
21 paid insurance expense $100. 30 paid administrative assistant $1,020 for the month.
30 a count of supplies indicated that $122 of supplies had been used.
30 purchased a new computer for $5,266 with personal funds. (the computer will be used exclusively for business purposes.)
journalize the transactions in the general journal.
Answers: 2
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Skysong crusher is a licensed cpa. during the first month of operations of her business (a sole prop...
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