Business
Business, 31.05.2021 19:40, cbawesome8

Laura Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $26,320 cash and equipment valued at $11,370 in the business.
2 Hired an administrative assistant at a salary of $346 per week payable monthly.
3 Purchased supplies on account $802. (Debit an asset account.)
7 Paid office rent of $532 for the month.
11 Completed a tax assignment and billed client $950 for services rendered. (Use Service Revenue account.)
12 Received $3,325 advance on a management consulting engagement.
17 Received cash of $1,856 for services completed for Ferengi Co.
21 Paid insurance expense $110.
30 Paid administrative assistant $1,384 for the month.
30 A count of supplies indicated that $122 of supplies had been used.
30 Purchased a new computer for $6,019 with personal funds. (The computer will be used exclusively for business purposes.)

Required:
Journalize the transactions in the general journal.

answer
Answers: 2

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Laura Crusher is a licensed CPA. During the first month of operations of her business (a sole propri...

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