Answered Essay: 3 Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $6

3 Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $60.000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting. b. The company purchased land valued at $40.000 and a building valued at $160.000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000. c. The company purchased S2,000 of office supplies on credit d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,500 and is to be used exclusively in the business e. The company purchased $5.600 of additional office equipment on credit f. The company paid $1,800 cash salary to an assistant 9. The company provided services to a cient and collected $8.000 cash h. The company paid $635 cash for this months utilities I. The company paid $2.000 cash to settle the account payable created in transaction c J. The company purchased $20,300 of new office equipment by paying $20,300 cash. k. The company completed $6.250 of services for a client, who must pay within 30 days I. The company paid $1.800 cash salary to an assistant m. The company received $4.000 cash in partial payment on the receivable created in transaction k n. The company paid $2.800 cash in dividends peterencesk Required 1. Prepare general journal entries to record these transactions using the following titles: Cash (1o1;, Accounts Receivable (106): Office Supplies (108): Office Equipment (163) Automobiles (164);Building (170 Land (72); Accounts Payable (201), Notes Payable (250 Common Stock (307), Dividends (319). Fees Earmed (402), Salaries Expense (60n; and Utilities Expense (602). 2. Post the journal entries from part 1 to the ledger accounts 3. Prepare a trial balance as of the end of September Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of September. HV CONSULTING
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3 Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $60.000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting. b. The company purchased land valued at $40.000 and a building valued at $160.000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000. c. The company purchased S2,000 of office supplies on credit d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,500 and is to be used exclusively in the business e. The company purchased $5.600 of additional office equipment on credit f. The company paid $1,800 cash salary to an assistant 9. The company provided services to a cient and collected $8.000 cash h. The company paid $635 cash for this month’s utilities I. The company paid $2.000 cash to settle the account payable created in transaction c J. The company purchased $20,300 of new office equipment by paying $20,300 cash. k. The company completed $6.250 of services for a client, who must pay within 30 days I. The company paid $1.800 cash salary to an assistant m. The company received $4.000 cash in partial payment on the receivable created in transaction k n. The company paid $2.800 cash in dividends peterencesk Required 1. Prepare general journal entries to record these transactions using the following titles: Cash (1o1;, Accounts Receivable (106): Office Supplies (108): Office Equipment (163) Automobiles (164);Building (170 Land (72); Accounts Payable (201), Notes Payable (250 Common Stock (307), Dividends (319). Fees Earmed (402), Salaries Expense (60n; and Utilities Expense (602). 2. Post the journal entries from part 1 to the ledger accounts 3. Prepare a trial balance as of the end of September Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a trial balance as of the end of September. HV CONSULTING

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