Car Wash Inc. purchased supplies for $3,000 cash. This transaction would be recorded as: A. Supplies $3,000 Accounts payable $3,000 B. Supplies $3,000 Cash $3,000 C. Equipment $3,000 Cash $3,000 D. Equipment $3,000 Notes payable $3,000
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Journalize these accounting transactions. (a) Stockholders invested $\$ 12,000$ in the business in exchange for common stock. (b) Insurance of $\$ 800$ is paid for the year. (c) Supplies of $\$ 1,500$ are purchased on account. (d) Cash of $\$ 7,500$ is received for services rendered.
On January 2, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $50; Delivery Expense, $91; and Miscellaneous Expense, $26. Indicate how these transactions would be recorded in a general journal.
Akash M.
Instructions Supplies Notes Payable Equipment Dividends Common Stock Cash Buildings Accounts Receivable Accounts Payable Cash statement order. Include the appropriate heading. 350 40,000 42.900 10,500 62,800 14,100 43,000 1,050 $9,100
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