Problem 1-2A (Part Level Submission) Get Instant Assignment Help With Us – Assignments Online | assignmentsonline.org
Problem 1-2A (Part Level Submission) Get Instant Assignment Help With Us – Assignments Online | assignmentsonline.org
Assignments Online is your one-stop for all assignment needs
Problem 1-2A (Part Level Submission)
Judi Salem opened a law office on July 1, 2017. On July 31, the balance sheet showed Cash $6,000, Accounts Receivable $1,600, Supplies $400, Equipment $6,000, Accounts Payable $4,000, and Owner’s Capital $10,000. During August, the following transactions occurred.
| 1. | Collected $1,300 of accounts receivable. | |
| 2. | Paid $2,500 cash on accounts payable. | |
| 3. | Recognized revenue of $8,700, of which $2,100 is collected in cash and the balance is due in September. | |
| 4. | Purchased additional equipment for $2,500, paying $500 in cash and the balance on account. | |
| 5. | Paid salaries $2,200, rent for August $1,200, and advertising expenses $450. | |
| 6. | Withdrew $800 in cash for personal use. | |
| 7. | Received $1,700 from Standard Federal Bank—money borrowed on a note payable. | |
| 8. |
Incurred utility expenses for month on account $370. QUESTIONS PLEASE SEE ATTACHMENT |
We offer all types of online academic services, be it homework help, coursework help, case study help, thesis/research paper writing help
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
