Blue Spruce Corp. provides security services. Selected transactions for Blue Spruce Corp. are presented below.
Oct. 1 Issued common stock in exchange for $80,500 cash from investors.
2 Hired part-time security consultant. Salary will be $2,400 per month. First day of work will be October 15.
4 Paid 1 month of rent for building for $2,400.
7 Purchased equipment for $22,000, paying $4,900 cash and the balance on account.
8 Paid $600 for advertising.
10 Received bill for equipment repair cost of $480.
12 Provided security services for event for $3,900 on account.
16 Purchased supplies for $500 on account.
21 Paid balance due from October 7 purchase of equipment.
24 Received and paid utility bill for $181.
27 Received payment from customer for October 12 services performed.
31 Paid employee salaries and wages of $6,200.



Collapse question part

(a)

Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Respuesta :

Answer:

Oct. 1 Issued common stock in exchange for $80,500 cash from investors.

Dr Cash 80,500

    Cr Common Stock 80,500

2 Hired part-time security consultant. Salary will be $2,400 per month. First day of work will be October 15.

No entry required

4 Paid 1 month of rent for building for $2,400.

Dr Prepaid rent 2,400

    Cr Cash 2,400

7 Purchased equipment for $22,000, paying $4,900 cash and the balance on account.

Dr Equipment 22,000

    Cr Cash 4,900

    Cr Accounts payable 17,100

8 Paid $600 for advertising.

Dr Advertising expense 600

    Cr Cash 600

10 Received bill for equipment repair cost of $480.

Dr Repairs expense 480

    Cr Accounts payable 480

12 Provided security services for event for $3,900 on account.

Dr Accounts receivable 3,900

    Cr Service revenue 3,900

16 Purchased supplies for $500 on account.

Dr Supplies inventory 500

    Cr Accounts payable 500

21 Paid balance due from October 7 purchase of equipment.

Dr Accounts payable 17,100

    Cr Cash 17,100

24 Received and paid utility bill for $181.

Dr Utilities expense 181

    Cr Cash 181

27 Received payment from customer for October 12 services performed.

Dr Cash 3,900    

    Cr Accounts receivable 3,900

31 Paid employee salaries and wages of $6,200.

Dr Wages expense 6,200

    Cr Cash 6,200