Please help me Eagle Investments incurred the following transactions during the month of April 2021:April 1Issued common shares in exchange for cash totalling $18,00.Purchased office equipment on account for $7,500.April 3April 8Completed work for a client and received $1,000 cash in full payment.April 15Paid $2,500 for of the amount owed for the office equipment (from April 3).Completed work for a client on credit, $3,500.April 18Paid salaries of $3,000.April 20April 22April 25April 27April 30Required:1.2.Received $2,500 for the work completed on April 8.Paid one year insurance policy that covers the next 12 months, $2,000.Purchased supplies on account, $500Received $2,500 from a customer for work to be performed in June.Prepare journal entries for the April 2021 transactions.Using T-accounts, calculate ending balances and prepare the April 30, 2021 trial balance.

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Description: Please help me Eagle Investments incurred the following transactions during the month of April 2021:April 1Issued common shares in exchange for cash totalling $18,00.Purchased office equipment on account for $7,500.April 3April 8Completed work for a

Journal entries are the primary reporting of the business transactions in the books of accounts.…

Business

Accounting

Eagle Investments incurred the following transactions during the month of April 2021: Issued common shares in exchange for cash totalling $18,00. Purchased office equipment on account for $7,500. Completed work for a client and received $1,000 cash in full payment. Paid $2,500 for of the amount owed for the office equipment (from April 3). Completed work for a client on credit, $3,500. Paid salaries of $3,000. Received $2,500 for the work completed on April 8. Paid one year insurance policy that covers the next 12 months, $2,000. Purchased supplies on account, $500 Received $2,500 from a customer for work to be performed in June. April 1 April 3 April 8 April 15 April 18 April 20 April 22 April 25 April 27 April 30 Required: 1. 2. Prepare journal entries for the April 2021 transactions. Using T-accounts, calculate ending balances and prepare the April 30, 2021 trial balance.

Eagle Investments incurred the following transactions during the month of April 2021: Issued common shares in exchange for cash totalling $18,00. Purchased office equipment on account for $7,500. Completed work for a client and received $1,000 cash in full payment. Paid $2,500 for of the amount owed for the office equipment (from April 3). Completed work for a client on credit, $3,500. Paid salaries of $3,000. Received $2,500 for the work completed on April 8. Paid one year insurance policy that covers the next 12 months, $2,000. Purchased supplies on account, $500 Received $2,500 from a customer for work to be performed in June. April 1 April 3 April 8 April 15 April 18 April 20 April 22 April 25 April 27 April 30 Required: 1. 2. Prepare journal entries for the April 2021 transactions. Using T-accounts, calculate ending balances and prepare the April 30, 2021 trial balance.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1EB: Provide journal entries to record each of the following transactions. For each, identify whether the...

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