QUESTION 2 Mr. sajjad, a dentist, resigned from his position with large dental group In order to begin his own pediatric dental practice. The practice was organized as a sole proprietorship, called sajjad pediatric dentistry. The business transactions during June while the new venture was being organized are listed below. | June 1 sajjad opened a bank account in the name of the business by deposit $50,000 cash Which he had saved over a number of years | June 10 purchased a small office building located on a large lot for a total price of 182,400 of Which $106,000 was applicable to the land and $76,400 to the building and cash Payment of $36500 was made and note payable was issued for the balance of the Purchase price. June 15 purchased a microcomputer system from computer stores inc, for S4,680 cash. | June 19 purchased office furnishings including dental equipment form tumkey operation , inc., at a cost of $5760 .a cash down payment of $960 was made. The balance to be Paid in three equal installments due June 28, July 28, august 28 .the purchases was on Open account and did not require signing of a promissory note | June 26 a $140 monitor in the microcomputer system purchased on June 15 stopped working .the monitor was retuned to computer stores, inc., which promised to refund the $140 Within five days. June 28 paid turnkey operations, inc. $1600 cash as the first installment due on the account Payable for office furnishings. | June 30 received $140 cash from computer stores, inc., in full settlement of the account Receivable created on June 26. Requirements: Prepare journal entries to record the above transactions.

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FP#1 SEPTEMBER 2019: In September 2019, Kate incorporated Kate’s Cards after investigating different organizational forms, and began the process of getting her business up and running. The following events occurred during the month of September 2019: Kate deposited $10,000 that she had saved into a newly opened business checking account. She received common stock in exchange. Kate designed a brochure that she will use to promote her greeting cards at local stationery stores. Kate paid Fred Simmons $50 to critique her brochure before undertaking her final design and printing. Kate purchased a new iMac computer tablet, specialized graphic arts software, and commercial printer for the company, paying $4,800 in cash. She decided to record all of these items under the same equipment account. Kate purchased supplies such as paper and ink for $350 at the local stationery store. She opened a business account with the store and was granted 30 days credit on all purchases, including the one she…

Question list Question 3 Question 4 Question 5 O Question 6 O Question 7 Question 8 K For each of the following scenarios, select an "X" under the applicable form of business in the space provided. a. The business is not making enough money to pay its bills. The owners do not have to make up the difference with their personal funds. b. Anna and Sui have owned their business together for 5 years. Anna dies. The business must be closed if they chose this form of business. c. An unincorporated business with five owners is a ... d. The profits of Chi's business must be reported on her tax return. e. There is a lawsuit against a business, and there is not enough money to pay the claim. The owners only lose the amount they have invested into the business. Proprietorship Partnership Corporation