Exercise 248 Transactions for the Hartman Company for the month of November are
ID: 2427936 • Letter: E
Question
Exercise 248 Transactions for the Hartman Company for the month of November are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. . Stockholders invested an additional $40,000 cash in the business. 2. Purchased land costing $18,000 for cash . Purchased equipment costing $45,000 for $4,500 cash and the remainder on credit. . Purchased supplies on account for $800. 5. Paid $3,000 for a one-year insurance policy. 6Received $2,000 cash for services performed. 7. Received $5,000 for services previously performed on account. 8Paid wages to employees for $2,500. 9. Paid dividends to stockholders of $400 Journalize each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Question Attempts: 0 of 1 used RAVEFOR LATER Cogynght © 2000-2016 by Jehh wdey & Sons, Inc. or related compares. All rots reserved.Explanation / Answer
1. cash Dr.$40000
To Equity $40000
2. land Dr.$18000
To cash $18000
3. Equipment Dr.$45000
To cash $4500
To Accounts Payable $40500
4. Supplies Dr,$800
To Accounts Payable $800
5. Insurance Expense Dr.$3000
To cash $3000
6. cash Dr.$2000
To service revenue $2000
7. cash Dr.$5000
To Accounts recievable $5000
8 . Wages Dr.$2500
To cash $2500
9. Dividend Dr.$400
To cash $400
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