...VODAFONE TR 3G 14:57 ieu.blackboard.com Q.3.(20 POINTS) Journalize the follow
ID: 2806273 • Letter: #
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...VODAFONE TR 3G 14:57 ieu.blackboard.com Q.3.(20 POINTS) Journalize the following transactions of Lyon Service Company for the month of January, 2017. August 1, 2017 McOz Inwested $ 100.000 cash and $ 45.000worth of equipment for the August 3, 2017 Purchased office supplies for 1.750 Paid $750 in cash, and the balance wi August 5, 2017 Purchased equipment for $ 1.200 paying $ 200 in cash and signing a 3-month August 9, 2017 Provided service to Fortress company for $12.000 collecting $2.500 i cash August 13, 2017 Provided service to Sun company for $ 6.000 on account establishment of the business be paid in 10 days. for the balance. and received a 1-month note for the balanceExplanation / Answer
Date
General Journal
Debit
Credit
August 1, 2017
Cash
$ 100,000
Equipment
$ 45,000
Capital account
$ 145,000
August 3, 2017
Supplies
$ 1,750
Cash
$ 750
Accounts payable
$ 1,000
August 5, 2017
Equipment
$ 1,200
Cash
$ 200
Note payable
$ 1,000
August 9, 2017
Cash
$ 2,500
Note receivable
$ 9,500
Service revenue
$ 12,000
August 13, 2017
Accounts receivable
$ 6,000
Service revenue
$ 6,000
Date
General Journal
Debit
Credit
August 1, 2017
Cash
$ 100,000
Equipment
$ 45,000
Capital account
$ 145,000
August 3, 2017
Supplies
$ 1,750
Cash
$ 750
Accounts payable
$ 1,000
August 5, 2017
Equipment
$ 1,200
Cash
$ 200
Note payable
$ 1,000
August 9, 2017
Cash
$ 2,500
Note receivable
$ 9,500
Service revenue
$ 12,000
August 13, 2017
Accounts receivable
$ 6,000
Service revenue
$ 6,000
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