Q1. Complete Exercises (Transaction Analysis - Service Company) Beverly Crusher is licensed CPA. In the first month of operations of her business (a sole proprietorship), the events and transactions occurred given below.
| April 2 |
Invested $32,000 cash and equipment valued at $14,000 in the business |
| 2 |
Hired a secretary-receptionist at a salary of $290 a week payable monthly |
| 3 |
Purchased supplies on an account $700. (Debit an asset account.) |
| 7 |
Paid office rent of $600 for the month |
| 11 |
Completed a tax assignment and billed client $1,100 for services they rendered. (Use Service Revenue account.) |
| 12 |
Received $3,200 advance on a management consulting engagement. |
| 17 |
Received cash of $2,300 for services completed for Ferengi Co. |
| 21 |
Paid insurance expenses at $110. |
| 30 |
Paid secretary-receptionist $1,160 for the month. |
| 30 |
A count of supplies indicated that $120 of supplies had been used. |
| 30 |
Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusively for business purposes.) |
problem:
Journalize transactions in general journal.