fill-in-blanks-accounting

Exercise 2-10 (Part Level Submission)

The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first month of operations.

Cash			No. 101
4/1	12,000	4/15	3,100
4/12	980	4/25	1,500
4/29	430
4/30	1,800
Accounts Receivable			No. 112
4/7	2,700	4/29	430

Supplies			No. 126
4/4	2,100
Accounts Payable			No. 201
4/25	1,500	4/4	2,100
Unearned Service Revenue			No. 209
		4/30	1,800
Ownerâ€™s Capital			No. 301
		4/1	12,000
Service Revenue			No. 400
		4/7	2,700
		4/12	980
Salaries and Wages Expense			No. 726
4/15	3,100

(a)

Prepare the complete general journal from which the postings to Cash were made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit


	(Ownerâ€™s investment of cash in business)


	(Received cash for services performed)


	(Paid salaries to date)


	(Paid creditors on account)


	(Received cash in payment of account)


	(Received cash for future services)

Exercise 2-12 (Part Level Submission)

Selected transactions for Dianne Burke Company during its first month in business are presented below.

Sept. 1		Invested $10,000 cash in the business.
5		Purchased equipment for $13,000 paying $3,800 in cash and the balance on account.
25		Paid $2,600 cash on balance owed for equipment.
30		Withdrew $500 cash for personal use.

Burkeâ€™s chart of accounts shows: No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Ownerâ€™s Capital, and No. 306 Ownerâ€™s Drawings

(a)

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.)