25. Rowdy Bolton began Bolton Office Services in October 2017 and during that month completed these transactions: a). On October 1 invested $10,000 cash, and $15,000 of computer equipment. b). On October 2 paid $500 cash for an insurance premium covering the next 12 months. c). On October 15 completed a word processing assignment for a customer and collected $1,000 cash. d). On October 20 paid $200 cash for office supplies. e). On October 30 paid $2,000 cash for October's rent. Required: Prepare journal entries (use T accounts) to record the above transactions. a) Oct 1, J/E DR CR

25. Rowdy Bolton began Bolton Office Services in October 2017 and during that month completed these transactions: a). On October 1 invested $10,000 cash, and $15,000 of computer equipment. b). On October 2 paid $500 cash for an insurance premium covering the next 12 months. c). On October 15 completed a word processing assignment for a customer and collected $1,000 cash. d). On October 20 paid $200 cash for office supplies. e). On October 30 paid $2,000 cash for October's rent. Required: Prepare journal entries (use T accounts) to record the above transactions. a) Oct 1, J/E DR CR

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...

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