Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposit

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Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 1 (47.33 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 2 (44.95 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 3 (47.07 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 4 (46.05 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 5 (40.33 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 6 (39.43 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 7 (32.04 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 8 (42.3 KiB) Viewed 23 times

Transaction 1 On March 1 The Three Classmates Opened A Checking Account For The Wire At A Local Bank They Each Deposit 9 (38.8 KiB) Viewed 23 times

Transaction 1 On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock for $10,000 that was deposited in The Wire account. [Note: Combine both transactions into one entry.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5
Transaction 2 The company quickly acquired $41,000 in inventory, 40% of which was paid for in cash. The rest was acquired on open accounts that were payable after 30 days. Account: ✪ Dollar amount: Account: Dollar amount: Account: î Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5
Transaction 3 A one-year store rental lease was signed on March 1 for $1,000 per month, and rent for the first 3 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first, and the complete March 31 adjusting entry second.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5 (
Transaction 4 The owners paid $4,000 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $5,000 for some advertising in local newspapers. [Note: Combine both transactions into one entry.] Account: ✪ Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5 (>
Transaction 5 Sales were $78,000. Cost of merchandise sold was 65% of sales. 35% of sales were for cash. [Note: Record the complete sales entry first, and the complete expense entry second.] Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5 ( (>
Transaction 6 Wages and salaries in March were $10,600, of which $8,200 was actually paid to employees. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: 17 Submit Answer Tries 0/5 O
Transaction 7 Miscellaneous expenses were $1,700, all paid for with cash. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: 10 Submit Answer Tries 0/5 <> <>
On March 1, fixtures and equipment were purchased for $5,500 with a downpayment of $1,500 and a $4,000 note, payable in one year. Interest of 5% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 9 years with no expected salvage value. [Note: Record the complete March 1 entry for the equipment purchase first, the complete March 31 depreciation adjusting entry second, and the complete March 31 interest adjusting entry third.] Account: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: MIM Account: Account: Account: Account: Account: Account: Account: Submit Answer Tries 0/5
Cash dividends totaling $4,200 were paid to stockholders on March 31. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Submit Answer Tries 0/5 <>