Solved

Journalize the Following Transactions

Question 90

Essay

Journalize the following transactions. You may omit the explanations and disregard the posting
reference.
A. Rick invested $21,500 into his company, Rick's Fishing, on January 11.
B. The company purchased $2,900 of furniture for cash on February 3.
C. The company paid three month's rent of $2250 and recorded it as a prepaid expense on February 9.
D. The company bought $2,300 of office fixtures and $6,200 of stock bins for $7,000 cash and the balance
on account dated March 9.
E. The company receives payment of $575 of from a customer on her bill. This transaction was on
March 12.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents