Solved

Journalize the Following Transactions

Question 66

Essay

Journalize the following transactions. You may omit the explanations and disregard the posting
reference.
A. Rick invested $21,500 into his company, Rick's Fishing, on January 11.
B. The company purchased $2,900 of furniture for cash on February 3.
C. The company paid three month's rent of $2250 and recorded it as a prepaid expense on February 9.
D. The company bought $2,300 of office fixtures and $6,200 of stock bins for $7,000 cash and the balance
on account dated March 9.
E. The company receives payment of $575 of from a customer on her bill. This transaction was on
March 12.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions