please answer with actual numbers Humble Management Services opened for business
ID: 2332228 • Letter: P
Question
please answer with actual numbers
Humble Management Services opened for business and completed these transactions in September. Sept. 1 Henry Humble, the owner, invested $38,000 cash along with office equipment valued at PROBLEM SET B $15,000 in the company 2 The company prepaid $9,000 cash for 12 months' rent for office space. (Hint: Debit Prepaid Preparing and posting Problem 2-1B Rent for $9,000.) journal entries; preparing a trial balance C3 C4 A1 P1 P2 4 The company made credit purchases for $8,000 in office equipment and $2,400 in office sup- plies. Payment is due within 10 days. 8 The company completed work for a client and immediately received $3,.280 cash. The company completed a $15,400 project for a client, who must pay within 30 days. The company paid $10,400 cash to settle the payable created on September 4, The company paid $1,900 cash for the premium on an 18-month insurance policy. (Hint: Debit Prepaid Insurance for $1,900.) The company received $7,700 cash as partial payment for the work completed on September 12. The company completed work for another client for $2,100 on credit. Henry Humble withdrew S5,300 cash from the company for personal use. The company purchased $550 of additional office supplies on credit. The company paid $860 cash for this month's utility bill. 12 13 19 22 24 28 29 30Explanation / Answer
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Date General Journal Post Ref. Debit Credit Sept. 1 Cash 38000 Office equipment 15000 H. Humble, Capital 53000 (To record capital invested) 2 Prepaid rent 9000 Cash 9000 (To record prepaid rent) 4 Office equipment 8000 Office supplies 2400 Acounts payable 10400 (To record credit purchases) 8 Cash 3280 Service revenue 3280 (To record cash received for services) 12 Accounts receivable 15400 Service revenue 15400 (To record service revenue earned) 13 Acounts payable 10400 Cash 10400 (To record payment on account) 19 Prepaid insurance 1900 Cash 1900 (To record prepaid insurance) 22 Cash 7700 Accounts receivable 7700 (To record collection on account) 24 Accounts receivable 2100 Service revenue 2100 (To record service revenue earned) 28 H. Humble, Withdrawals 5300 Cash 5300 (To record cash withdrawn for personal use) 29 Office supplies 550 Accounts payable 550 (To record credit purchases) 30 Utilities expense 860 Cash 860 (To record utilities expense paid)Related Questions
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