Transactions for Oriole Company for the month of May are presented below. Prepare journal entries for each of these transactions no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented wh amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) May 1 3 13 21 Date May 1 May 3 May 13 B.D. Oriole invests $4,010 cash in exchange for common stock in Oriole Company, a small welding corporation. Buys equipment on account for $1,189. Pays $419 to landlord for May rent. Bills Noble Corp. $540 for welding work done. May 21 V Account Titles and Explanation Cash Common Stock Equipment Accounts Payable Rent Expense Prepaid Rent account recievble. Debit 4010 1189 210 Credit 4010 1189

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
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Chapter14: Accounting For Uncollectible Accounts Receivable
Section14.2: Writing Off And Collecting Uncollectible Accounts Receivable
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Transactions for Oriole Company for the month of May are presented below. Prepare journal entries for each of these transactions. (If
no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when
amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit
entries.)
May 1
3
13
21
Date
May 1 V
May 3
May 13
B.D. Oriole invests $4,010 cash in exchange for common stock in Oriole Company, a small welding corporation.
Buys equipment on account for $1,189.
Pays $419 to landlord for May rent.
Bills Noble Corp. $540 for welding work done.
May 21
<
Account Titles and Explanation
Cash
Common Stock
Equipment
Accounts Payable
Rent Expense
Prepaid Rent
account recievble
Debit
4010
1189
210
Credit
4010
1189
Transcribed Image Text:Transactions for Oriole Company for the month of May are presented below. Prepare journal entries for each of these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) May 1 3 13 21 Date May 1 V May 3 May 13 B.D. Oriole invests $4,010 cash in exchange for common stock in Oriole Company, a small welding corporation. Buys equipment on account for $1,189. Pays $419 to landlord for May rent. Bills Noble Corp. $540 for welding work done. May 21 < Account Titles and Explanation Cash Common Stock Equipment Accounts Payable Rent Expense Prepaid Rent account recievble Debit 4010 1189 210 Credit 4010 1189
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