Answered Essay: The first photo has all the information needed to fill in the blanks. You are creating a t-account. Al

The first photo has all the information needed to fill in the blanks. You are creating a t-account. All aquaresnwith green outlines and a check mark are correct. Red is wrong and needs corrected.
PRINTER VERSION oblem 2-3A (Part Level Submission) quoketa Services was formed on May 1, 2017. The following transactions took place during the first month ransactions on May 1: ·3ay BradFord invested $41,000 cash in the company, as its sole owner. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,000 per month. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for the first year sed furniture and equipment costing $30,600. A cash payment of $12,000 was made immediately; the remainder will be paid in 6 months s. Paid $,1,900cash for a oneryear insurance policy on the furnture and equpment. Transactions during the remainder of the month 6. Purchased basic office supplies for $500 cash 7. Purchased more office supplies for $1,200 on account. 8. Total revenues earned were $18,600-$7,600 cash and $11,000 on account. 9. Paid $300 to suppliers for accounts payable due. 10. Recelved $2,900 from customers in payment of accounts receivable. 11. Received utility bills in the amount of $400, to be paid next month. 12. Paid the monthl y salaries of the two employees, totaling $6,000.
media%2Fc65%2Fc65aba17-15f0-4fff-a8fb-b5
media%2Ffab%2Ffab1ee7b-4746-4abb-ae56-76
media%2F2b1%2F2b1c1e82-9c74-47c7-954a-cf
media%2Fb4b%2Fb4b0a991-48f2-49b6-a175-49

PRINTER VERSION oblem 2-3A (Part Level Submission) quoketa Services was formed on May 1, 2017. The following transactions took place during the first month ransactions on May 1: ·3ay BradFord invested $41,000 cash in the company, as its sole owner. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,000 per month. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for the first year sed furniture and equipment costing $30,600. A cash payment of $12,000 was made immediately; the remainder will be paid in 6 months s. Paid $,1,900cash for a oneryear insurance policy on the furnture and equpment. Transactions during the remainder of the month 6. Purchased basic office supplies for $500 cash 7. Purchased more office supplies for $1,200 on account. 8. Total revenues earned were $18,600-$7,600 cash and $11,000 on account. 9. Paid $300 to suppliers for accounts payable due. 10. Recelved $2,900 from customers in payment of accounts receivable. 11. Received utility bills in the amount of $400, to be paid next month. 12. Paid the monthl y salaries of the two employees, totaling $6,000.

Expert Answer

 

S.N Particulars Debit Credit
1 Cash        41,000
Owners Capital        41,000
2 No Entry
3 Prepaid Rent        24,000
Cash        24,000
4 Furniture & Equipment        30,600
Cash        12,000
Accounts Payable        18,600
5 Prepaid Insurance           1,900
Cash           1,900
6 Office Supplies              500
Cash              500
7 Office Supplies           1,200
Accounts Payable           1,200
8 Cash           7,600
Accounts Receivable        11,000
Revenue        18,600
9 Accounts Payable              300
Cash              300
10 Cash           2,900
Accounts Receivable           2,900
11 Utility Expenses              400
Accounts Payable              400
12 Salaries Expenses           6,000
Cash           6,000
Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.

× How can I help you?