acc225 problem_2_2a

Apr 17th, 2015
Studypool Tutor
Adelphi University
Price: $5 USD

Tutor description

Hi there.This document contains A+ work for the course ACC 225.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

Word Count: 643
Showing Page: 1/13
Shelton EngineeringGeneral JournalDateDescriptionP.R.(a)CashOffice EquipmentDrafting EquipmentS. Shelton, Capital101163164301DebitPage: 1Credit105,0006,00045,000156,000-To record initial investment(b)LandCashNotes Payable17210125054,0005,40048,600-To record purchase of land(c.)BuildingCash17010175,00075,000-To record purchase of portable building(d)Prepaid InsuranceCash1081016,0006,000-To record payment of insurance policy for 18 months(e)Cash101Engineering Fees Earned4025,7005,700-To record engineering fees earned(f)Drafting EquipmentCashNotes Payable16410125022,50010,50012,000-To record purchase of drafting equipment(g)Accounts Receivable10612,000Engineering Fees Earned40212,000-To record engineering fees earned(h)Office EquipmentAccounts Payable1632012,2502,250-To record purchase of office equipment on account(i)Accounts Receivable106Engineering Fees Earned40218,00018,000-To record engineering fees earned(j)Equipment Rental ExpenseAccounts Payable6022011,2001,200-To record receipt of billing for equipmernt rental(k)CashAccounts Receivable1011067,2007,200-To record receipt of customer's partial payment of account(l)Wages ExpenseCash6011011,5001,500-To record payment of wage of the drafting assistant(m)Account PayableCash2011012,2502,250-To record settlement of liability for the equipmen

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors