Paragraph Styles laimarly Grammarly ENG377 Engineering Economy Homework: From En
ID: 2608311 • Letter: P
Question
Paragraph Styles laimarly Grammarly ENG377 Engineering Economy Homework: From Engineering Economy, Sullivan, Pearson Jill Smith starts an apartment locator business that has the following transactions in the first month: a) Smith invests $35,500 of personal funds to start the business. b) She purchases on account office supplies costing $345. c) She pays cash of $29,500 to acquire a lot next to the campus. This will be the future home of the business. d) Smith locates apartments for client and receives cash of $1910. e) Smith pays $110 of the account payable she created in transaction (b). f) She pays $2000 of personal funds for a vacation. B) She pays cash for expenses for office rent, $395, and utilities, $105 h) The business sells office supplies to another business for its cost of $150. i) Smith with drawls cash of $1200 personal use Account for these transactions and create a balance sheet as of the end of the month and income statement for the month on the next page. 100 words English (United State 10:21 PM d)) ds ES) ENG 1/26/2018 ^Explanation / Answer
1)
cash
2)
JILL SMITH
BALANCE SHEET
Date Account Debit credit a Cash 35500 Smith capital 35500 b office supplies 345 Accounts payable 345 c` Land 29500 cash 29500 d cash 1910 service revenue 1910 e Accounts payable 110 cash 110 f SMith drawings 2000 cash 2000 g Office rent 395 utilities 105 cash 500 h cash 150 office supplies 150 i smith drawing 1200cash
1200Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.