Sale!
Placeholder

Acc280 Financial Accounting: P2-2A Jane Kent is a licensed CPA

$12 $12

Note to buyer:  See full product description below before purchasing to make sure you are buying the correct tutorial.  NO REFUNDS will be entertained if you complain that you got the incorrect tutorial.

You have several options to access your purchases/download links:
a.  Emailed Order/Download links which will be sent within minutes of checkout 
b. Emailed invoice with your download link
c.  Through from the website under “My Account” > View Order.
 

If you do not get your download link in any of the 4 options, please send us a message first.  Have the courtesy of giving us time to settle the issue before you raise a dispute with Paypal.  Before raising a dispute, please remember the terms and condition of the website.

Product Description

Note:  Your emailed purchase order/receipt containing the download link might be sent to your spam folder, please check your email. Please add Accounting and Finance Help to your list of contacts to avoid any inconvenience in locating your download link.  

You have several options to access your download links:
a.  Emailed Order/Download links which will be sent within minutes of checkout 
b. Emailed invoice with your download link
c.  Through from the website under “My Account” > View Order.
 
If you do not get your download link in any of the 3 options, please send us a message first.  Have the courtesy of giving us time to settle the issue before you raise a dispute with Paypal.  Before raising a dispute, please remember the terms and condition of the website.
———————————————-

 Acc280 Financial Accounting

P2-2A

Jane Kent is a licensed CPA. During the first month of the operation of her business, Jane Kent, Inc. the following events and transactions occurred.

May 1 Stockholders invested $25,000 cash in exchange for Common Stock.

2 Hired a secretary-receptionist at a salary of $2,000 per month.

3 Purchased $2,500 of supplies on account from Read Supply Company.

7 Paid office rent of $900 cash for the month.

11 Completed a tax assignment and billed client $2,100 for services provided.

12 Received $3,500 advance on a management consulting engagement.

17 Received cash of $1,200 for services completed for H. Arnold Co.

31 Paid secretary-receptionist $2,000 salary for the month.

31 Paid 40% of balance due Read Supply Company.

Jane uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent Expense.

Instructions

(a) Journalize the transactions. (If there is no transaction, enter No entry as the description and 0 for the amount.)

(b) Post to the ledger accounts. (If answer is zero, please enter 0. Do not leave any fields blank.)

(c) Prepare a trial balance on May 31, 2008. (If answer is zero, please enter 0. Do not leave any fields blank.)


Reviews

There are no reviews yet, would you like to submit yours?

Be the first to review “Acc280 Financial Accounting: P2-2A Jane Kent is a licensed CPA”