Business transactions completed by Hannah Venedict during the month of September are as follows: a. Venedict invested $90,000 cash along with office equipment valued at $21,000 in exchange for common stock of a new business named HV b. Purchased land valued at $35,000 and a building valued at $165,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000. c. Purchased $2,400 of office supplies on credit. d. Venedict invested her personal automobile in the business in exchange for common stock. The automobile has a value of $16,800 and is to be used exclusively in the business. e. Purchased $6,000 of additional office equipment on credit. f. Paid $1,600 cash salary to an assistant. g. Provided services to a client and collected $8,000 cash. h. Paid $630 cash for this month s utilities. i. Paid $2,400 cash to settle the account payable created in transaction c. j. Purchased $20,000 of new office equipment by paying $20,000 cash. k. Completed $6,250 of services for a client, who must pay within 30 days. l. Paid $1,700 cash salary to an assistant. m. Received $4,500 cash on the receivable created in transaction k. n. Paid $2,900 for dividends. Requirement 1: Prepare general journal entries to record these transactions. (Omit the “$” sign in your response.) Requirement 2: Offline (not submitted or graded in this system): Open the following accounts–their account numbers are in parentheses (use the balance column format): Cash (101)
https://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.png 0 0 admin https://papertowriters.com/wp-content/uploads/2020/07/Writerspng-300x62.png admin2021-11-10 20:17:292021-11-10 20:17:29Business transactions completed by Hannah Venedict during the month of September are as follows: a..Business transactions completed by Hannah Venedict during the month of September are as follows: a..