Journal entries a. Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $312 cash. c. The company purchased $5,945 of office equipment on credit. d. The company recelved $1,268 cash as fees for services provided to a customer.

Journal entries a. Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $312 cash. c. The company purchased $5,945 of office equipment on credit. d. The company recelved $1,268 cash as fees for services provided to a customer.

Name: Journal entriesa. Kacy Spade, owner, invested $10,750 cash in the com
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Description: Journal entriesa. Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock.b. The company purchased office supplies for $312 cash.c. The company purchased $5,945 of office equipment on credit.d. The company recelved $1,26

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1EB: Provide journal entries to record each of the following transactions. For each, identify whether the...

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Inner Resources Company started its business on April 1, 2019. The following transactions occurred during the month of April. A. The owners invested $9,000 from their personal account to the business account. B. Paid rent $750 with check #101. C. Initiated a petty cash fund $550 with check #102. D. Received $850 cash for services rendered. E. Purchased office supplies for $180 with check #103. F. Purchased computer equipment $8,500, paid $1,600 with check #104 and will pay the remainder in 30 days. G. Received $1,200 cash for services rendered. H. Paid wages $560, check #105. I. Petty cash reimbursement: Office supplies $200, Maintenance Expense $140, Miscellaneous Expense $65. Cash on Hand $93. Check #106. J. Increased Petty Cash by $100, check #107. Prepare the journal entries. If an amount box does not require an entry, leave it blank. A. В. E. F. G. Н. II II II 1I I II II I II II 1I I1 III II II D.