Required a. Record the proceding tansactions in the general journal in the given

Question

Required a. Record the proceding tansactions in the general journal in the given order (Dosot round intermediate calculations. Round your final answers to nearest required for a transactioevevent, select No journal entry required" in the first account f whole dollar, If o entry is new transaction list Vew journal entry worksheed Required Information 48 000 Common stock 48,000 The fotowng transactions pertaen to Smh Trag Company for 2016 2Fo 01 Prepaid rent 15,800 15,800 Established the buciness when common stock acqured $48,000 casch frem the sue of Jen 30 3 Apr 10Supples 060 Feb 1 Pad rent for office space foe two years, $5,800 cash Ap 10 Purchased $860 of supplies on eccount Accounts payable De0 /4Ju01 Cash ey 1 Recetved $26,000 cash in advance for services to be proword over the ext yoar 25 000 0Pd 5045 of the accounts payatie fiom Apes Au 5 Diled s customer $9.,500 for servces prowsed dung Augus Sept 15 Completed a job and received $3100 cash for services sendered Oct 1 Pad employee salars of $31,500 cash Service even 25,000 645 Cash 645 15 Receved $9.400 cash from accounts recevable Nov 16 Bed customers $34500 for services sendered on account Dec 1 Pasd a dividend of $1200 cash to the shocknolders Aug 15 Accounts recelvable 9.503 Service revenue .500 1 Adyusted records to recognize the services provided on the contrect of Juay t 31 Recorded $2.350 of accrued salanses as of December 3t 1 Reccrded the rene expense for the year (See Februswy 1.) 31 Physkally counted supples: $80 was on hand ar the end of the penod 7Sep 15 Cash 3.100 Service revonue 3.100

Explanation / Answer

Date Accounts title Dr Cr 30 Jan Cash 48000 To common stock 48000 Feb 1 Prepaid rent 15800 To cash 15800 Apr 10 Supplies 860 To Accounts payable 860 1 July Cash 25000 To unearned services 25000 20 July Accounts payable 645 To cash 645 15 Aug Accounts receivable 9500 To Service revenue 9500 Sept 15 Cash 3100 To Service revenue 3100 1 Oct salaries expense 31500 To Cash 31500 15 Oct Cash 9400 To Accounts receivable 9400 16 Nov Accounts receivable 34500 To service revenue 34500 1 Dec Dividend 1200 To Cash 1200 31 Dec Unearned service 25000 To service revenue 25000 31 Dec salaries expense 2350 To Salaries payable 2350 31 Dec Rent expense [15800 / 2 year * 1 year * 11/12 months ] 7242 To Prepaid rent 7242 31 Dec Supplies expense 780 To Supplies 780

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