Journalize the following transactions by Ayayai Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 1. Stockholders invest $82,500 cash to start the business. 2. Purchased three digital copy machines for $450,000, paying $102,000 cash and signing a 5-year, 6% note for the remainder. 3. Purchased $4,800 paper supplies on credit. 4. Cash received for photocopy services amounted to $7,300. 5. Paid $400 cash for radio advertising. 6. Paid $1,000 on account for paper supplies purchased in transaction 3. 7. Dividends of $2,200 were paid to stockholders. 8. Paid $1,200 cash for rent for the current month. 9. Received $2,100 cash advance from a customer for future copying. 10. Billed a customer for $300 for photocopy services completed. No. Account Titles and Explanation Debit Credit 1. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 2. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 3. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 4. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 5. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 6. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 7. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 8. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 9. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 10. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount

Journalize the following transactions by Ayayai Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 1. Stockholders invest $82,500 cash to start the business. 2. Purchased three digital copy machines for $450,000, paying $102,000 cash and signing a 5-year, 6% note for the remainder. 3. Purchased $4,800 paper supplies on credit. 4. Cash received for photocopy services amounted to $7,300. 5. Paid $400 cash for radio advertising. 6. Paid $1,000 on account for paper supplies purchased in transaction 3. 7. Dividends of $2,200 were paid to stockholders. 8. Paid $1,200 cash for rent for the current month. 9. Received $2,100 cash advance from a customer for future copying. 10. Billed a customer for $300 for photocopy services completed. No. Account Titles and Explanation Debit Credit 1. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 2. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 3. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 4. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 5. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 6. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 7. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 8. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 9. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 10. enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5PA: Review the following transactions, and prepare any necessary journal entries. A. On July 16, Arrow...

See similar textbooks

Related questions

Concept explainers

Question

100%

Journalize the following transactions by Ayayai Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

1.		Stockholders invest $82,500 cash to start the business.
2.		Purchased three digital copy machines for $450,000, paying $102,000 cash and signing a 5-year, 6% note for the remainder.
3.		Purchased $4,800 paper supplies on credit.
4.		Cash received for photocopy services amounted to $7,300.
5.		Paid $400 cash for radio advertising.
6.		Paid $1,000 on account for paper supplies purchased in transaction 3.
7.		Dividends of $2,200 were paid to stockholders.
8.		Paid $1,200 cash for rent for the current month.
9.		Received $2,100 cash advance from a customer for future copying.
10.		Billed a customer for $300 for photocopy services completed.

No.	Account Titles and Explanation	Debit	Credit
1.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
2.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
3.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
4.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
5.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
6.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
7.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
8.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
9.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
10.	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Accounting for Cash and cash equivalents

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.