Journalizing transactions [10-20 min] Principe Technology Solutions completed the following transactions during August 2012, its first month of operations: E2-23 Aug 1 Received cash of $48,000 and gave capital to the owner. 2 Purchased supplies of $500 on account. 4 Paid $47,000 cash for a building. 6 Performed service for customers and received cash, $4,400. 9 Paid $200 on accounts payable. 17 Performed service for customers on account, $2,200. 23 Received S1,600 cash from a customer on account. 31 Paid the following expenses: salary, $1,900; rent, $700.
Journalizing transactions [10-20 min] Principe Technology Solutions completed the following transactions during August 2012, its first month of operations: E2-23 Aug 1 Received cash of $48,000 and gave capital to the owner. 2 Purchased supplies of $500 on account. 4 Paid $47,000 cash for a building. 6 Performed service for customers and received cash, $4,400. 9 Paid $200 on accounts payable. 17 Performed service for customers on account, $2,200. 23 Received S1,600 cash from a customer on account. 31 Paid the following expenses: salary, $1,900; rent, $700.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter24: Recording International And Internet Sales
Section: Chapter Questions
Problem 1MP
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