z-Tran X heducation.com/ext/map/index.html?_con3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Fblackboard.northerncollege.ca%252Fwebapps uiz-Transaction Analysis and Trial Balan..i Saved Help...


z-Tran X<br>heducation.com/ext/map/index.html?_con3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Fblackboard.northerncollege.ca%252Fwebapps<br>uiz-Transaction Analysis and Trial Balan..i<br>Saved<br>Help<br>Sa<br>Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020:<br>May 1 Purchased new equipment, paying cash of $13,100 and signing a 90-day note payable for<br>the balance of $23,000.<br>2 Purchased 12 months of insurance to begin May 2; paid $18,600.<br>3 Completed a fitnesS contract for a group of clients today and received $5,100.<br>4 Purchased office supplies on account; $3,300.<br>6 Returned to the supplier $660 of defective office supplies purchased on May 4.<br>10 Provided services to a client today on account $10,600.<br>15 Paid for the May 4 purchase less the return of May 6.<br>20 Received payment from the client of May 10.<br>25 Received cash of $1,600 from a client for work to be done in June.<br>31 Paid month-end salaries of $38,000.<br>31 Paid the May telephone bill today; $1,800.<br>31 Received the May electrical bill today; $2,200. It will be paid on June 15.<br>Required:<br>Prepare journal entries for each of the above transactions.<br>View transaction list<br>View journal entry worksheet<br>No<br>Date<br>General Journal<br>Debit<br>Credit<br>59.100<br>1<br>May 01, 2020<br>Equipment<br>13 100<br>Cash<br>23.000<br>Notes pavable<br>

Extracted text: z-Tran X heducation.com/ext/map/index.html?_con3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Fblackboard.northerncollege.ca%252Fwebapps uiz-Transaction Analysis and Trial Balan..i Saved Help Sa Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020: May 1 Purchased new equipment, paying cash of $13,100 and signing a 90-day note payable for the balance of $23,000. 2 Purchased 12 months of insurance to begin May 2; paid $18,600. 3 Completed a fitnesS contract for a group of clients today and received $5,100. 4 Purchased office supplies on account; $3,300. 6 Returned to the supplier $660 of defective office supplies purchased on May 4. 10 Provided services to a client today on account $10,600. 15 Paid for the May 4 purchase less the return of May 6. 20 Received payment from the client of May 10. 25 Received cash of $1,600 from a client for work to be done in June. 31 Paid month-end salaries of $38,000. 31 Paid the May telephone bill today; $1,800. 31 Received the May electrical bill today; $2,200. It will be paid on June 15. Required: Prepare journal entries for each of the above transactions. View transaction list View journal entry worksheet No Date General Journal Debit Credit 59.100 1 May 01, 2020 Equipment 13 100 Cash 23.000 Notes pavable

Jun 10, 2022
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