ming chen began a professional practice on june 1 ming chen began a professional practice on june 1

Journalize and post the adjusting entries. On July 1, Lula Plume created a new self-storage business, Safe Storage, A:Journal is the recording of financial transactions, which is considered as the first step in, Q:On August 1, 20Y7, Rafael Masey established Planet Realty, which completed the following, A:Since you have posted a question with multiple parts. 2. Determine account balances of the T accounts. Bought a truck from Kelly Motors for 26,329, paying 8,000 in cash and placing the balance on account, Ck. (Note: Ignore the date because these events are aggregations of individual events.) Hal Smith opened Smith's repairs on 01.03. Start your trial now! Paid 800 to a local radio station to advertise the services of PS Music twice daily for the remainder of July. No. 15. %24 Receivable Paid gas, oil, and repairs on automobile for April, 550. During the first month, the, A:The accounting equation refers to an equation that equates the total assets with the sum of total, Q:Prepare the following below) Ms. Smith established an enterprise to be known as New york Designs, on, A:Journal entry: d. The company completed work for a client and immediately collected the $2,500 cash earned. Enter the impact of each transaction on individual items of the accounting equation. The company paid $1,500 cash for rent of office space for the month. Received and paid the heating bill, 248, Ck. Determine the amount of Joel Palks capital as of July 1 of the current year. E. Received $500 in payment from the customer in C. F. Purchased $250 worth of supplies on credit. No. c. Both credit card and debit card transaction fees are limited by law. Instructions 1. Paid cash for a newspaper advertisement. Invested cash, Q:On June 1 of the current year, Pamela Schatz established a business to manage rental property. Required 1. Paid an attorney 900 for reviewing the July 3 contract with KXMD. a. Gervais deposited 25,000 in a bank account in the name of the business.  d. Does the activity add value to Latchey’s provision of insurance services? No. If Employee A makes 15 derbies in one week, what is the variable cost per derby, and what is this worker’s fixed cost per derby? 14.Paid wages of 1,200 to receptionist and part-time assistant. Dividends PS Musics chart of accounts and the balance of accounts as of July 1, 2019 (all normal balances), are as follows: Instructions 1. To ensure my potential must visit my profile to check my ratings and uploaded samples. a. Can you think of any reason why the amount determined in (4) might not be the net income for November? 23. 25,000 Purchased supplies on account, 4,000. c. Paid creditors on account, 2,300. d. Received cash from fees earned on insurance commissions, 13,800. e. Paid rent on office and equipment for the month, 5,000. f. Paid automobile expenses for the month, 1,150, and miscellaneous expenses, 300. g. Paid office salaries, 2,500. h. Determined that the cost of supplies on hand was 2,700; therefore, the cost of supplies used was 1,300. i. Check my h. Borrowed $100,000 by issuing a note payable. Hill T Accounts, Debits And Credits, Trial Balance, And Financial Statements. Paid installment due on note payable, 950. k. Received invoice for blueprint service, due in February, 3,750. l. Recorded fees earned on plans delivered, payment to be received in February, 21,900. m. Paid salary of assistants, 4,100. n. Paid gas, oil, and repairs on automobile for January, 1,300. During June, Ming Chen (the owner) completed these transactions: a. Unadjusted Trial Balance is the trial balance before making adjustments., Q:he accountant for the firm owned by Randy Guttery prepares financial statements at the end of each. Paid part-time receptionist for two weeks salary including the amount owed on April 30, 750. Mulberry collected $570,000 from the credit sales in Transaction a and an additional $129,000 from the accounts receivable outstanding at the beginning of the year. Purchased supplies on account, 735. h. The company collected $5,000 cash as a partial payment for the amount owed by the client in transaction e. i. How much did Marchs transactions increase or decrease Amy Austins capital? The company paid $2,000 cash for payment on a, A:Since you have asked multiple question, we will solve the first question for you. 15,000 Determine account balances of the T accounts. During the month, she completed the, A:Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts. 2.1.4P, Your question is solved by a Subject Matter Expert. + *Response times may vary by subject and question complexity. The entire assets of an organization are equal to the sum of its liabilities, Q:Kristin Holden started her own consulting business in July, 20--. 10. Maria completed the following transactions, A:An income statement is one of the financial statements of a company and shows the company's, Q:Indicate the effect of each transaction and the balances after each transaction: Paid 620 to Upload Music for use of its current music demos in making various music sets. Discuss how REA diagrams might be useful to auditors in understanding a client's business processes. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers. Movies are expensive to produce and market. i. 3.Post the journal to the ledger, extending the account balance to the appropriate balance column after each posting. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Instructions 1. Withdrew cash for personal use, 3,900. stock. Paid a premium of 2,700 for a comprehensive insurance policy covering liability, theft, and fire. To the left of the amount entered in the accounts, place the appropriate letter to identify the transaction. 8,000 On March 1 of this year, B. Gervais established Gervais Catering Service. Enter the impact of each transaction on individual items of the accounting equation. Bal.  b. Paid creditor a portion of the amount owed for equipment purchased on November 6, 3,000. b. Amount of total revenue recorded in the ledger. 1, Q:On September 1 of the current year, Joy Tucker established a business to manage rental property. $30000. Recorded jobs completed on account and sent invoices to customers, 22,300. Opened a business bank account with a deposit of 50,000 from personal funds. During the month, she completed the following transactions connected with her professional practice: a. 22. Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support. Purchased supplies for cash, 1,750. During the month, she completed the following transactions connected with her professional practice: a. A:Trial balance is the record of all the balances of all the ledgers accounts with the final debit and, Q:Aracel Engineering completed the following transactions in the month of June. Journalize entries for transactions (a) through (i), using the following account titles: Cash; Supplies; Accounts Payable; Bill Hudson, Capital; Bill Hudson, Drawing; Sales Commissions; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. f. Paid office salaries, $6,500. Borrowed $100,000 by issuing a note payable. I have all relevant skills and expertise related to your project. 7,500 Record the adjusting entries on Page 7 of the journal. Brooke completed the following, A:The accounting equation is shown by the following formulaAssets= Liabilities + Owner's Equity. 3. Paid October rent for office and workroom, 2,400. c. Purchased used automobile for 32,800, paying 7,800 cash and giving a note payable for the remainder. Good morning, teachers, I am honored to be informed to have this interview. 75,000 The following, A:Unadjusted Trial Balance - Write Balance in the Item column and place a check mark () in the Posting Reference column. Equipment Show new balances after each transaction. b. During June, Ming Chen (the owner) completed these transactions. The accounting equation indicates that a company's total assets are equal to, Q:On April 1, 20Y8, Maria Adams established Custom Realty. Owner invested $60,000 cash in the company along with equipment that had a $26,000 market value in exchange for its common stock. Required %3D In July of this year, M. Wallace established a business called Wallace Realty. 3. 8. Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades. 4. 8,000 Problem1-63B Income Statement, Retained Earnings Statement. Paid dividends, 10,500. 0.33 Ming Chen (the owner) completed these transactions. The transactions of 4, If you want the answer, Q:Architects completed the following transactions: 10,000 %24 Paid rent on office and equipment for the month, 6,000. c. Purchased supplies on account, 3,200. d. Paid creditor on account, 1,750. e. Earned fees, receiving cash, 18,250. f. Paid automobile expenses (including rental charge) for month, 1,880, and miscellaneous expenses, 420. g. Paid office salaries, 5,000. h. Determined that the cost of supplies used was 1,400. i. References The prepaid rent at the beginning of the year was used in 2019. j. During June, Ming Chen (the owner) completed these transactions. Paid 1,500 cash and agreed to pay the balance of 2,000 in four monthly installments. Assets Liabilities Equity Cash Accounts Receivable Equipment Accounts Payable M.Chen, Capital M. Chen, Withdrawals Revenues Expenses a $ 60,000 $ 15,000 $ 75,000 b $ -1,500 $ -1,500 $ 58,500 $ - $ 15,000 $ - $ 75,000 $ - $ - $ -1,500 c $ 10,000 $ 10,000 $ 58,500 $ - $ Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. During June, Ming Chen (the owner) completed these transactions.Owner invested $61,000 cash in the company along with equipment that had a $22,000 market value in exchange for its common stock.The company paid $1,200 cash for rent of office space for the month.The company purchased $13,000 of additional equipment on credit (payment due within 30 4. March transactions are as follows : 31.Withdrew 1,250 cash from PS Music for personal use. The following transactions were completed during July, the second month of the business's operations: July 1. On june 1, 2019, herbal co. received $18,900 for the rent of land for 12 months. (1,500) + Equity 1,500 1003. i. *Response times may vary by subject and question complexity. d. Purchased office and computer equipment on account, 4,500. e. Paid cash for supplies, 1,875. f. Paid cash for annual insurance policies, 3,600. g. Received cash from client for plans delivered, 13,650. h. Paid cash for miscellaneous expenses, 2,600. i. Transactions and Financial statements Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. 0. Q:Jay Crowley established Affordable Realty, which completed the following transactions during the. $ 15,000 d. Purchased office supplies on account, $1,250. During June, Ming Chen (the owner) completed these transactions. Liabilities 0. A:Requirement 1: Indicate the effect of the given transactions. Required: 58,500 Paid dividends, $3,000. G. Received the electricity bill. 10. Paid cash to creditors on account, 4,500. j. Determine the following: a. 3. stock. Opened a business hank account in the name of Stanley Insurance Inc., with a deposit of $60000 in exchange for common stock. Purchased supplies on account, 850. Write Balance in the Item column and place a check mark () in the Posting Reference column. Owner invested $59,000 cash in the company along with equipment that had a $13,000 market value in exchange for its common stock. 2. c. Received cash from fees earned. Amount of total expenses recorded in the ledger. Brooke completed the following transactions during the month of August: a. 2,500 3. O OO O During June, Ming Chen (the owner) completed these transactions. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. 10,000 23. 5. Expenses 0. a. Accounts The company paid $1,500 cash for rent of office space for the month. 31. Received cash from customers on account, 88,000. k. Determined that the cost of supplies on hand was 5,900; therefore, the cost of supplies used during the month was 3,600. l. Withdrew 12,000 cash for personal use. Owner invested $60,000 cash in the company along with equipment. C. The company purchased $10,000 of additional equipment on credit (payment due within 30 days). Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, 4,500. Paid cash to creditors on account, 3,000. j. Prepare a post-closing trial balance. Bal. The company paid $1,500 cash for rent of office space for the month. i. 4. $4 Journals: g. Paid interest on the note payable, $500. e. Paid automobile expense for the month, $2,500, and miscellaneous expense, $1,000. Purchased used automobile for 19,500, paying 2,500 cash and giving a note payable for the remainder. Record these transactions directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Payable; Notes Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. 29. 3.Paid 250 to creditors on account. Which of the following is true? Journal entry is an accounting entry to record every transaction takes place, A:A trial balance's main function is to confirm that the entries in a firm's accounting system are, Q:XYZ Company began operations on April 1 and completed these transactions during the month: Amy Austin established an insurance agency on March 1 of the current year and completed the following transactions during March: a. Find answers to questions asked by students like you. She, A:An accounting Equation is an Equation that shows assets are always equal of the liabilities of a, Q:Jared Hawk established an insurance agency on July 1 of the current year and completed the following, A:Note: Since we only answer up to 3 sub-parts, well answer the first 3. Introduce your . h. Borrowed $100,000 by issuing a note payable. A:Prepare a trial balance for Randy Guttery, Landscape Consultant. I can do this easily because I have several experiences to write articles on different web sites, creative content for several blogs & also SEO writing. Q:1. Determined that the cost of supplies on hand was 1,750; therefore, the cost of supplies used was 1,000. She, Q:Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the, A:SOLUTION- Common 2.Analyze and journalize each transaction in a two-column journal beginning on Page 1, omitting journal entry explanations. Prav Instuction Prepare an income staement and statement of stockholders equity for July. 7,500 5. h. Purchased land as a future building site, paying cash of $120,000. Required: Owner invested \$60,000 $60,000 cash in the company along with equipment that had a \$15,000 $15,000 market value. During June, Ming Chen (the owner) completed these transactions.a. Is it a product or a period cost? Instructions 1. Accounts 3. (Enter decreases to account balances with a Instuction Briefly explain why the stockholders investments and revenues increased stockholders equity, while dividends and expenses decreased stockholders equity. 1,500 Served as a disc jockey for a charity ball for 1,500. Received cash from clients on account, 2,450. Stock The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business. During June, Ming Chen (the owner) completed these transactions. we will be answering you first three subparts, Q:On 1 March, David Tan established David Interior Designs. Mulberry had the following amounts and amount balances as of January 1, 2019: During 2019, the following transactions occurred (the events described below are aggregations of many individual events): During 2019, Mulberry sold $690,000 of computing services, all on credit. $30000. i. Paid 1,400 royalties (music expense) to National Music Clearing for use of various artists' music during July. SERIES A EXERCISE CLASSIFYING BUSINESS TRANSACTIONS Dolores Lopez opened a new consulting business. A:Retained Earning = Retained earning at the beginning+ Net Income-Dividends, Q:For the past several years, Emily Page has operated a part-time consulting business from her Six months rent was paid in advance, $4,500. Rainey enterprises loaned $20,000 to small co. on june 1, 2018, for one year at 6 percent interest. 2,500 Each drugstore is operated by a general manager and a controller. During, A:Note:Sinceweonlyanswerupto3sub-parts,wellanswerthefirst3. 1002. h. Received and paid the bill for utilities, 340, Ck. 23.Served as disc jockey for a party for 2,500. Transactions and Financial statements Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. The account headings are presented below. Analyze and journalize each transaction in a two-column journal beginning on Page 1, omitting journal entry explanations. Create the following table similar to the one in Exhibit 1.9. 75,000 Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. a. Owner Invested $68,000 cash in the company along with equipment that had a $29,000 market value. Hello. 5. A:As the question has more than 3 sub-parts, the first 3 subparts are answered. Paid 5,000 on note payable. If you still cannot find the error, re-analyze each transaction. g. The company paid an assistant $3,000 cash as wages for the month. Ming Chen (the owner) completed these transactions. 9. 8.000 In this activity, you will be creating. He. Purchased supplies on account, 2,750. c. Paid creditor on account, 1,800. d. Earned sales commissions, receiving cash, 52,800. e. Paid rent on office and equipment for the month, 4,500. f. Paid dividends, 3,000. g. Paid automobile expenses for month, 1,100, and miscellaneous expenses, 1,200. h. Paid office salaries, 5,250. i. Bal. Received 3,000 for serving as a disc jockey for a party. 31.Received 3,000 for serving as a disc jockey for a party. d. 30. Saved Any additional hours beyond 80 will be billed to KXMD at 40 per hour. Received cash from customers on account, 9,000. 21. A balance sheet (d) Received cash for services rendered, 900. 28. Thank you for the question, As per the honor code, we are allowed to answer three, Q:Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2018. Determine the excess of revenues over expenses for November. D. An office worker was hired. 25. Then use additions and subtractions to show the dollar effects of the transactions on individual items of the accounting equation. (b) Paid office rent, 500. During June, Ming Chen (the owner) completed these transactions: a. Instructions 1. EQUITY During the month, she completed the, A:Journal entries are made to record the business transactions into books of accounts initially. Cash The, Q:Amy Austin established an insurance agency on March 1 of the current year and completed the, A:Accounting Equation: A building and equipment are currently being rented, pending expansion to new facilities. a. 1001. d. Bought office equipment on account from Dellos Computers, 6,300. e. Received a bill from the City Crier for advertising, 455. f. Sold services for cash, 3,944. g. Paid on account to Dellos Computers, 1,500, Ck. %D During June, Ken Jones, an architect, opened an office on April 1, 2016. h. The company collected $5,000 cash as a partial payment for the amount owed by the client in transaction e. i. Briefly explain why the owners investment and revenues increased owners equity, while withdrawals and expenses decreased owners equity. Bal. During June, Ming Chen (the owner) completed these transactions. 2. a. Wallace deposited 24,000 in a bank account in the name of the business. Accounting Equation is calculated using following equation - Gutierrez Company, a publicly held corporation, operates a, Budgeting for a Single Product: f. The company purchased additional equipment for $6,000 cash. Recorded cash from cash clients for fees earned during the period May 1-16, 8,360. Transactions and Financial statements Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. During the first month of operations of his, A:Solution: During June, Ming Chen (the owner) completed these transactions. 4. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. . Opened a business hank account in the name of Stanley Insurance Inc., with a deposit of $60000 in exchange for common stock. During June, Ming Chen (the owner) completed these transactions. b. and Balance Sheet McDonald Marina provides decking and cleaning services for pleasure boats at its marina in southern Florida. 75,000 Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. f. The company purchased additional equipment for $6,000 cash. To the left of the amount entered in the accounts, place the appropriate letter to identify the transaction. (e) Paid phone bill, 65. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. 10,000 + ces Interest of $5,000 was paid on the long-term loan. $30000. Help b. Paid truck expenses, 435, Ck. 10.000 Greco resort opened for business on june 1. A. Required 1. 1,500 0. ASSETS 31. Recorded services provided on account for the period May 16-20, 4,820. Explanations may be omitted. 10,000 75,000 Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. 1,500 The company paid $1,000 cash in dividends to the owner (sole shareholder). a The company paid an assistant $3.000 cash as wages for the month, Century 21 Accounting Multicolumn Journal. 18. College Accounting (Book Only): A Career Approach. 4. d. The company completed work for a client and immediately collected the $2,500 cash earned. b. Classify each transaction as an operating, an investing, or a financing activity. Inflation is 3.8% per year. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. 1000. c. Bought office supplies for cash, 375, Ck. 25,000 31. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. Determine the account balances, after all posting is complete. h. Purchased land as a future building site, paying cash of $120,000. The company paid $1,000 cash in dividends to the owner (sole shareholder). Paid miscellaneous expenses, 1,000. Accounts containing only a single entry do not need a balance. 2. If you want any, Q:At the beginning of April, Haron Kadir launched a custom computer solutions company called, A:Journalizing refers to recording/Classifying the business transactions initially in the books of, Q:Jared Hawk established an insurance agency on July 1 of the current year and a. Journal Entries - Journal Entries are the recording of transactions of the organization. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month During June, Ming Chen (the owner) completed these transactions. e., A:An income statement isa financial statement that shows you the company's income and expenditures., Q:For the past several years, Emily Page has operated a part-time consulting business from her home., A:Final Accounts: +. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Journalize entries for transactions (a) through (i), using the following account titles: Cash; Supplies; Accounts Payable; Sharon Matthews, Capital; Sharon Matthews, Drawing; Fees Earned; Rent Expense; Office Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneous Expense. 4. A:Prepare a trial balance for Randy Guttery, Landscape Consultant. Record the following transactions on Page 6 of the journal: 20. There are some items that has Impact on Equity like Income, Expense and, Q:Following are the transactions for Valdez Services. Discuss how REA diagrams might be useful to auditors in understanding a client's business Concept of Cost Behavior Dapper Hat Makers is in the business of designing and producing Income Statement for a Manufacturing Organization Using the following information from Char Carter Containers sold marketable securities, land, and common stock for $30 million, $15 One of your departments cost accounts is the Maintenance ExpenseGarden Equipment account. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Received 750, with the remainder due August 4, 2019. (Do not insert the account numbers in the journal at this time.) Basic Accounting Systems: Cash Basis. Dividends in the amount of $1,500 were distributed. Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music: store. H. Paid the worker hired in D for one weeks work. a. Opened a business bank account with a deposit of 30,000 from personal funds. b. Bal. Disclaimer: Writers are not employees or representatives of TutorsOnSpot.Com, Join The Community Already Trusted By Thousands Of Students Like You, Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During June, Ming Chen (the owner) completed these transactions. The accounting cycle for Kelly Consulting for April, including financial statements, was illustrated in this chapter. Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Received 500, with the remainder due on August 9, 2019. M Question 8 - Chapter 1 Exercises Connect f. The company purchased additional equipment for $6,000 cash. completed the following, A:"Since you have posted a question with multiple sub-parts, we will solve only first three sub-parts, Q:Comprehensive Problem Set f. Paid office salaries, $6,500. Using the following, A:Impact on Equity - Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. Explanations may be omitted. What basic steps would the auditor perform to compile the information necessary to build he diagram himself or herself? 502. f. Sold catering services for cash for the first half of the month, 3,012. g. Bought supplies for cash, 185, Ck. Instructions 1. (f) Made payment on loan in transaction (c), 500. Post your journal entries to T-accounts, Add additional T-accounts when needed. Start your trial now! The following transactions, A:Journal Entries - Journal Entries are the recording of transactions of the organization. J. Im very much interested to write for attendance systems. d. The company completed work for a client and immediately collected the $ 2, 500 \$2,500 $2, 500 cash earned.. Post the journal to a ledger of four-column accounts. Paid miscellaneous expenses, 540. Paid rent on office and equipment for the month, 3,250. c. Purchased supplies on account, 2,150. d. Paid creditor on account, 875. e. Earned sales commissions, receiving cash, 14,440. f. Paid automobile expenses (including rental charge) for month, 1,580, and miscellaneous expenses, 650. g. Paid office salaries, 3,000. h. Determined that the cost of supplies used was 1,300. i. CASH No. b. b. Paid rent for period of November 1 to end of month, 4,000. What will be the value of interest payment at the end of fourth year in real dollars? Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. Issued common stock to Marjorie Knaus in, A:Step 1 9. 2. . Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. 61,000 2. 31. Purchased a truck for 38,500 paying 5,000 cash and giving a note payable for the remainder. e. The company completed work for a client and sent a bill for $8,000 to be received within 30 days. Bal Paid wages of 1,200 to receptionist and part-time assistant. b. Paid January rent for office and workroom, 1,950. c. Purchased used automobile for 28,500, paying 5,700 cash and giving a note payable for the remainder. Prepare an unadjusted trial balance for Heritage Designs as of November 30, 20Y9. Transactions completed during the month follow. Please resubmit the question and, Q:Jared Hawk established an insurance agency on July 1 of the current year and 61,000 1006. Stock The entire assets of an organization are equal to the sum of its liabilities, A:Income Statement - February 20, 2023. 4. Record these transactions directly in the following T accounts, without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Notes Payable; Accounts Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. 28.Paid wages of 1,200 to receptionist and part-time assistant. July 21. 2.Received 1,000 cash from customers on account. Peyton Smith made an additional investment in PS Music by depositing 5,000 in PS Music's checking account. Instructions 1. 31. Hi! Paid the following: wages expense, 7,500; truck expense, 2,500; utilities expense, 1,300; miscellaneous expense, 2,700. j.