Transactions for Wildhorse Company for the month of May are presented below. Prepare journal entries for each of these transactions. (Of no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record Journal entries In the order presented in the problem.) May 1 B.D. invests $4,400 cash in exchange for common stock to start his welding business, Wildhorse Company. Buys equipment on account for $1,061. 13 Pays $387 to landlord for May rent. 21 Bills Noble Corp. $530 for welding work done. (Use Service Revenue account.)
Transactions for Wildhorse Company for the month of May are presented below. Prepare journal entries for each of these transactions. (Of no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record Journal entries In the order presented in the problem.) May 1 B.D. invests $4,400 cash in exchange for common stock to start his welding business, Wildhorse Company. Buys equipment on account for $1,061. 13 Pays $387 to landlord for May rent. 21 Bills Noble Corp. $530 for welding work done. (Use Service Revenue account.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Transactions for Wildhorse Company for the month of May are presented below. Prepare journal entries for each of these
transactions. (Of no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are
automatically Indented when amount is entered. Do not indent manually. Record Journal entries In the order presented in the problem.)
May 1
B.D. invests $4,400 cash in exchange for common stock to start his welding business, Wildhorse Company.
Buys equipment on account for $1,061.
13
Pays $387 to landlord for May rent.
21
Bills Noble Corp. $530 for welding work done. (Use Service Revenue account.)
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