Lavender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. Prepare the journal entries in the journal on Page 1.
A. The owners invested $7,500 from their personal account to the business account.
B. Paid rent $600 with check #101.
C. Initiated a petty cash fund $250 check #102.
D. Received $350 cash for services rendered.
E. Purchased office supplies for $125 with check #103.
F. Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days.
G. Received $750 cash for services rendered.
H. Paid wages $375, check #105.
I. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60.
Cash on hand $8. Check #106.
J. Increased Petty Cash by $70, check #107.
Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*
*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Principles of Management
Construction Accounting And Financial Management (4th Edition)
Financial Accounting (12th Edition) (What's New in Accounting)
Horngren's Accounting (11th Edition)
Managerial Accounting (5th Edition)
Cost Accounting (15th Edition)
Principles of Accounting Volume 2
Horngren's Accounting (12th Edition)
Managerial Accounting (4th Edition)
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Financial Accounting, Student Value Edition (4th Edition)
Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
Financial Accounting (11th Edition)
Financial Accounting, Student Value Edition (5th Edition)
Intermediate Accounting (2nd Edition)
Essentials of MIS (12th Edition)
Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
Engineering Economy (17th Edition)
Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
Engineering Economy (16th Edition) - Standalone book
Foundations Of Finance
Marketing: An Introduction (13th Edition)
Foundations of Finance (9th Edition) (Pearson Series in Finance)
Contemporary Engineering Economics (6th Edition)
Essentials of MIS (13th Edition)
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Marketing: An Introduction (12th Edition)
Operations Management: Sustainability and Supply Chain Management (12th Edition)