Self-Analysis Of Assumptions, Values, And Biases
June 3, 2021World Civilizations from 1600 – 21957, Please respond to two (2) of the following questions
June 3, 2021
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
|
Owner’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.)
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. |
Burke’s chart of accounts shows: No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner’s Capital, and No. 306 Owner’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.)
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