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complete the table by using 2 Data Tables. Given that the balance sheet is at May31,2020. There are options provided for the "Accounts" column in the second attachment , choose the most suitable 4 options among the 9 and write down its debit and credit.

complete the table by using 2 Data Tables. Given that the balance sheet is at May31,2020. There are options provided for the "Accounts" column in the second attachment , choose the most suitable 4 options among the 9 and write down its debit and credit.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 3PB: Hajun Company started its business on May 1, 2019. The following transactions occurred during the...
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 complete the table by using 2 Data Tables. Given that the balance sheet is at May31,2020.

There are options provided for the "Accounts" column in the second attachment , choose the most suitable 4 options among the 9 and write down its debit and credit.

The following amounts summarize the financial position of Haas Consulting, Inc. on May 31, 2020. (Click the icon to view the May 31, 2020, financial position.) (Click the icon to view the transactions.) Requirements Requirement 1. Journalize the transactions of Haas Consulting, Inc. (Record debits first, then credits. Explanations are not required.) Begin by preparing the journal entry for transaction (a). The business received cash of $9,400 and issued common shares. Data Table Journal Entry Accounts Debit Credit (a) During June 2020, the business completed these transactions. Received cash of $9,400 and issued common shares. а. b. Performed services for a client and received cash of $6,300. С. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. е. Collected cash from a customer on account, $500. Consulted on the design of a business report, and billed the client for services rendered, $2,900. f. Data Table g. Recorded the following business expenses for the month: paid office rent, $1,400; paid advertising, $500. h. Declared and paid a cash dividend of $2,100. Assets Liabilities Shareholders' Equity %3D Accounts Common Retained Print Done Accounts + Receivable Supplies Land Payable Shares Earnings %3D Cash 1,300 1,450 11,800 7,500 3,500 3,550 Bal. Choo Print Done Check Answer 11 Temaining 1:15 AM 1/26/2021 PgUp F11 PgDn F12 End PrtScn F8 Home F9 F10 DII F6 F7 F4 F5 F2 F3 FI & 2$ 3. 4 5 € T Y 00 %3D
Transcribed Image Text:The following amounts summarize the financial position of Haas Consulting, Inc. on May 31, 2020. (Click the icon to view the May 31, 2020, financial position.) (Click the icon to view the transactions.) Requirements Requirement 1. Journalize the transactions of Haas Consulting, Inc. (Record debits first, then credits. Explanations are not required.) Begin by preparing the journal entry for transaction (a). The business received cash of $9,400 and issued common shares. Data Table Journal Entry Accounts Debit Credit (a) During June 2020, the business completed these transactions. Received cash of $9,400 and issued common shares. а. b. Performed services for a client and received cash of $6,300. С. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. е. Collected cash from a customer on account, $500. Consulted on the design of a business report, and billed the client for services rendered, $2,900. f. Data Table g. Recorded the following business expenses for the month: paid office rent, $1,400; paid advertising, $500. h. Declared and paid a cash dividend of $2,100. Assets Liabilities Shareholders' Equity %3D Accounts Common Retained Print Done Accounts + Receivable Supplies Land Payable Shares Earnings %3D Cash 1,300 1,450 11,800 7,500 3,500 3,550 Bal. Choo Print Done Check Answer 11 Temaining 1:15 AM 1/26/2021 PgUp F11 PgDn F12 End PrtScn F8 Home F9 F10 DII F6 F7 F4 F5 F2 F3 FI & 2$ 3. 4 5 € T Y 00 %3D
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