During the first month of operations, , Inc., completed the following transactions: Jul 2 Gagne Services received $68,000 cash and issued common Mock b the stockholder
3 Purchased supplies, $700 and equipment, $11800 on account.
4 Performed services for a md received cash, $5,400.
7 Paid cash to acquire land, $33,0W-
11 Perform services for a customer and billed the customer. $4.100. Gagne expects to collect within one month
16 Pad for the equipment purchased July 3 on account
17 Paid newspaper advertising, $570.
18 Received partial payment from on account $2,000.
22 Received and paid water and electricity bills— $400.
29 Received $2.700 cash for the serving the heating unit of customer.
31 Paid employee salaries, $2,300.
31 Declared and paid dividends of $2,500.

Required:
Record each transaction in the journal.

General Ledger

Jul 2

Cash $68,000 (debit)

Common Stock $68,000 (credit)

Cash received in exchange for common stock

Jul 3

Supplies $700 (debit)

Equipment $11,800 (debit)

Accounts Payable $12,500 (credit)

Supplies and Equipment purchased on credit

Jul 4

Cash $5,400 (debit)

Service Revenue $5,400 (credit)

Cash received for service rendered

Jul 7

Land $33,000 (debit)

Cash $33,000 (credit)

Cash paid for acquisition of Land

Jul 11

Accounts Receivable $4.100 (debit)

Service Revenue $4.100 (credit)

Service rendered on credit

Jul 16

Accounts Payable $11,800 (debit)

Cash $11,800 (credit)

Settlement of Account Receivable

Jul 17

Advertising Expense $570 (debit)

Cash $570 (credit)

Cash paid for Advertising

Jul 18

Cash $2,000 (debit)

Account Receivable $2,000 (credit)

Cash received from Account Receivable

Jul 22

Water and Electricity Expenses $400 (debit)

Cash $400 (credit)

Cash paid for utilities

Jul 29

Cash $2.700 (debit)

Service Revenue $2.700 (credit)

Cash received for Services Rendered

Jul 31

Salaries Expenses $2,300 (debit)

Cash $2,300 (credit)

Cash paid for Salaries

Jul 2

Dividends $2,500 (debit)

Cash $2,500 (credit)

Dividends paid in cash

Explanation:

See the Journals and narrations that i have prepared above.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; automated fingerprint;