Problem 2-4A (Algo) Recording transactions; posting to ledger; preparing a trial balance LO A1, P1 Business transactions completed by Hannah Venedict during the month of September are as follows. a. Venedict invested $90,000 cash along with office equipment valued at $22.000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at $50,000 and a building valued at $155.000. The purchase is paid with $30,000 cash and a note payable for $175,000 c. The company purchased $2,100 of office supplies on credit. d. Venedict invested an automobile in the company in exchange for more common stock. The automobile has a value of $16,000. e. The company purchased $5,300 of additional office equipment on credit. f. The company paid $1,600 cash salary to an assistant g. The company provided services to a client and collected $7,800 cash h. The company paid $645 cash for this month's utilities. 1. The company paid $2,100 cash to settle the account payable created in transaction c J. The company purchased $20,400 of new office equipment by paying $20,400 cash k. The company completed $6.750 of services on credit for a client, who must pay within 30 days 1. The company paid $1,900 cash salary to an assistant m. The company received $3,500 cash in partial payment on the receivable created in transaction k n. The company paid a $2,700 cash dividend Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101) Accounts Receivable (106), Office Supplies (108) Office Equipment (163), Automobiles (164) Building (170), Land (172), Accounts Payable (201) Notes Payable (250) Common Stock (307), Dividends (319), Consulting Revenue (403). Salaries Expense (601); 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

What exactly are reversing entries, and why do they exist?

Please do not give answer in image formate

Assume the labor rate variance is $400 unfavorable and the labor spending variance is $200 unfavorable. Given these assumptions, which of the following statements is true? Multiple Choice The labor efficiency variance must be $600 favorable. The labor efficiency variance must be $600 unfavorable. The labor efficiency variance must be $200 favorable. The labor efficiency variance must be $200 unfavorable.

What goes in what, like what do I put on Collum a,b,c, etc I'm confused where to put the data

What information is required in a proxy statement?

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