Tonic Day Salon & Spa offers hair and spa treatments to customers In a midwestern city. During the month of February. Tonic Day Salon & Spa has the following transactions. February 2 Pay $6ce for radio advertising for February. February 7 Purchase beauty supplies of $1,26e on account. February 14 Provide beauty services of $2,700 to customers and receive cash. February 15 Pay employee salaries for the current month of $8Ge. February 25 Provide beauty services of $96e to custoners on account. February 28 Pay utility bill for the current nonth of $260. Required: Record each transacton. Tonic Hair Salon uses the following accounts: Cash, Accounts Recelvable, Supplies, Accounts Payable. Service Revenue. Advertising Expense. Salarles Expense, and Utilties Expense. (If no entry Is required for a transaction/event, sele "No Journal Entry Required" in the first account field.) Viww transaction t Journal entry worksheet 3 4 5 2 Pay $660 for radio advertising for February. Note: Enter debits before credits. Date General Journal Debit Credit February 02 Record entry Clear entry Vew general journal

Tonic Day Salon & Spa offers hair and spa treatments to customers In a midwestern city. During the month of February. Tonic Day Salon & Spa has the following transactions. February 2 Pay $6ce for radio advertising for February. February 7 Purchase beauty supplies of $1,26e on account. February 14 Provide beauty services of $2,700 to customers and receive cash. February 15 Pay employee salaries for the current month of $8Ge. February 25 Provide beauty services of $96e to custoners on account. February 28 Pay utility bill for the current nonth of $260. Required: Record each transacton. Tonic Hair Salon uses the following accounts: Cash, Accounts Recelvable, Supplies, Accounts Payable. Service Revenue. Advertising Expense. Salarles Expense, and Utilties Expense. (If no entry Is required for a transaction/event, sele "No Journal Entry Required" in the first account field.) Viww transaction t Journal entry worksheet 3 4 5 2 Pay $660 for radio advertising for February. Note: Enter debits before credits. Date General Journal Debit Credit February 02 Record entry Clear entry Vew general journal

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 12PA: Sewn for You had the following transactions in its first week of business. A. Jessica Johansen...

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Review the following transactions and prepare any necessary journal entries for Olinda Pet Supplies. A. On March 2, Olinda Pet Supplies receives advance cash payment from a customer for forty dog food dishes (from their Dish inventory), costing $25 each. Olinda had yet to supply the dog food bowls as of March 2. B. On April 4, Olinda provides all of the dog food bowls to the customer.
In March, K. Haas, M.D., established the Haas Sports Injury Clinic. The clinics account headings are presented below. Transactions completed during the month of March follow. a. Haas deposited 48,000 in a bank account in the name of the business. b. Paid the rent for the month, 2,200, Ck. No. 1000. c. Bought supplies for cash from Medco Co., 2,138. d. Bought professional equipment on account from Med-Tech Company, 18,000. e. Bought office equipment on account from Equipment Depot, 1,955. f. Sold professional services for cash, 8,960. g. Paid on account to Med-Tech Company, 3,000, Ck. No. 1001. h. Received and paid the bill for utilities, 472, Ck. No. 1002. i. Paid the salary of the assistant, 1,738, Ck. No. 1003. j. Sold professional services for cash, 10,196. k. Haas withdrew cash for personal use, 3,500, Ck. No. 1004 Required 1. Record the transactions and the balance after each transaction. 2. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). If the two totals are not equal, check the addition and subtraction. If you still cannot find the error, re-analyze each transaction.
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Boilermaker House Painting Company incurs the following transactions for September. September 3 Paint houses in the current month for $20,000 on account. September 8 Purchase painting equipment for $21,000 cash. September 12 Purchase office supplies on account for $3,500. September 15 Pay employee salaries of $4,200 for the current month. September 19 Purchase advertising to appear in the current month for $1,000 cash. September 22 Pay office rent of $5,400 for the current month. September 26 Receive $15,000 from customers in (1) above. September 30 Receive cash of $6,000 in advance from a customer who plans to have his house painted in the following month. References Section BreakExercise 2-20 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6)
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