Business transactions completed by Hannah Venedict during the month of


Ask a Question

Business transactions completed by Hannah Venedict during the month of September are as follows. Venedict invested $80,000 cash along with office equipment valued at $21,000 in a new sole proprietorship named HV Consulting. The company purchased land valu

Sale price $15.00 Regular price $30.00

Business transactions completed by Hannah Venedict during the month of September are as follows.
Venedict invested $80,000 cash along with office equipment valued at $21,000 in a new sole proprietorship named HV Consulting.
The company purchased land valued at $35,000 and a building valued at $160,000. The purchase is paid with $35,000 cash and a long-term note payable for $160,000.
The company purchased $1,500 of office supplies on credit.
Venedict invested her personal automobile in the company. The automobile has a value of $16,700 and is to be used exclusively in the business.
The company purchased $5,500 of additional office equipment on credit.
The company paid $1,600 cash salary to an assistant.
The company provided services to a client and collected $7,600 cash.
The company paid $635 cash for this month's utilities.
The company paid $1,500 cash to settle the account payable created in transaction c.
The company purchased $20,100 of new office equipment by paying $20,100 cash.
The company completed $7,000 of services for a client, who must pay within 30 days.
The company paid $2,000 cash salary to an assistant.
The company received $3,500 cash in partial payment on the receivable created in transaction k.
Venedict withdrew $2,500 cash from the company for personal use.

I need assistance with a trial balance sheet; I have already completed the journal entries.

Questions & Answers

Have a Question?

Be the first to ask a question about this.

Ask a Question