ransactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions. (You may omit explanations.) May   1    B.D. Mehta invests $4,000 cash in exchange for common stock to start his welding business, Mehta Company. 3 Buys equipment on account for $1,100. 13 Pays $400 to landlord for May rent. 21 Bills Noble Corp. $500 for welding work done.

Please Introduction and show work and please I humble request to no plagiarism please

Below are several transactions for the Academy Paper Company for the month of June; record the journal entries on page one of the general journal: June 2   Adam James invested $10,500 in the business. 5 Mr. James purchase equipment on account for $3, 200. 12 Sold on account for services rendered, $1,800. 21 Paid salaries expense, $950. 23 Owner withdrew $500 for personal use. post the journal entries from question27 to the general led

i am doing chart of accounting general journal, question is   4/30       Reimbursed one of the employees for $25 gas used to run business errands. 4/30       Received $150 from a walk-in client for the preparation of their tax return. 4/30       Billed Mack Moving Company $3,800 for preparing their company tax return. 4/30       Received the company telephone bill for April $64, but will not pay it until May. 4/30       The owner withdrew $800 cash from the business so she could pay her personal rent. and not sure with puting categories into general journal as debit and credit side

The following transactions are July activities of Bill’s Extreme Bowling, Incorporated, which operates several bowling centers.  Bill's paid $1,500 to a plumbing company on the day of repairing a broken pipe in the restrooms. Bill's paid $2,000 for the June electricity bill and received the July bill for $2,500, which will be paid in August. Bill's paid $5,475 to employees for work in July.  Required:Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Caritas Publishing issues the Weekly Welder. The company's primary sources of revenue are sales of subscriptions to customers and sales of advertising in the Weekly Welder. Caritas owns its building and has excess office space that it leases to others. The following transactions involved the receipt of advance payments. Prepare the indicated journal entries for each set of transactions. 1) On September 1, 20X7, the company received a $48,000 payment from an advertising client for a 6-month advertising campaign. The campaign was to run from November, 20x7, through the end of April, 20X8. Prepare the journal entry on September 1, and the December 31 end-of-year adjusting entry. 2) The company began 20X7 with S360,000 in unearned revenue relating to sales of subscriptions for future issues. During 20X7, additional subscriptions were sold for $3,490,000. Magazines delivered during 20X7 under outstanding subscriptions totaled $3,060,000. Prepare a summary journal entry to reflect the sales…

Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered into the following transactions: Terry Mason invested $32,750 in Succulent Express in exchange for common stock. Paid $4,200 on February 1 for an insurance premium on a one-year policy. Purchased supplies on account, $1,560. Received fees of $48,270 during February. Paid expenses as follows: wages, $22,200; rent, $3,700; utilities, $1,850; and miscellaneous, $2,035. Paid dividends of $8,850. There was $858 of supplies on hand as of February 28. Assume that adjusting entries for usage of supplies and expiration of prepaid insurance were recorded on February 28, 20Y4. Based on the information above, determine the net cash flow from operating activities as of February 28, 20Y4.

March 1 March 3 March 5 March 7 Issue common stock in exchange for cash of $1,200. Purchase sewing equipment by signing a note with the local bank, $900. Pay rent of $420 for March. Martha, a customer, places an order for alterations to several dresses. Backstitch estimates that alterations will cost Martha $620. Martha is not required to pay for the alterations until the wom complete. March 12 Purchase sewing supplies for $112 on account. This material will be used to provide services to cu March 15 Backstitch delivers altered dresses to Martha and receives $620. March 19 Backstitch agrees to alter 10 business suits for Bob, who has lost a significant amount of weight Backstitch receives $520 from Bob and promises the suits to be completed by March 25. March 25 Backstitch delivers 10 altered business suits to Bob. March 30 Pay utilities of $77 for the current period. March 31 Pay dividends of $60 to stockholders. Required: 1. Record each transaction. 2. & 3. Post each transaction to…

This information relates to McCall Real Estate Agency. Oct. 1   Stockholders invest $31,020 in exchange for common stock of the corporation. 2   Hires an administrative assistant at an annual salary of $42,960. 3   Buys office furniture for $4,110, on account. 6   Sells a house and lot for E. C. Roads; commissions due from Roads, $11,340 (not paid by Roads at this time). 10   Receives cash of $215 as commission for acting as rental agent renting an apartment. 27   Pays $730 on account for the office furniture purchased on October 3. 30   Pays the administrative assistant $3,580 in salary for October. Prepare the debit–credit analysis for each transaction

The transactions for October, the first month of operation for Paul's Pet Services, are summarized below.     Date   1-Oct Paul invested $5,000 of cash, equipment, and furniture worth $2,400 for shares. 1-Oct Took out a $6,000 1-year bank loan with an interest rate of 12% to fund operations. Interest is due at the end of each month. 2-Oct Paid $2,000 for the first two month's rent. 4-Oct Paid $500 for advertising and promotion for the grand opening in October. 10-Oct Bought $2,000 worth of inventory for the store and paid immediately. 16-Oct Received $180 from a client for six monthly grooming appointments for a dog. Paul performed the grooming for October. 25-Oct Purchased another $1,000 worth of inventory, to be paid on November 25th. Month During the month, sold 60% of the initial inventory purchased on Oct 10 for $3,400; $2,000 in cash and the remainder on credit. Month Depreciation on equipment and furniture was $400 for…