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4 years ago

Denzel Brooks opened a Web consulting business called Venture Consultants and completed the following transactions in March.

Business

1 answer:

spin [16.1K]4 years ago

5 0

Answer:

March 1

Cash $195,000 (debit)

Office equipment $29,000 (debit)

Common Stock $224,000 (credit)

March 2

Prepaid Rent $8,000 (debit)

Cash $8,000 (credit)

March 3

office equipment $4,200 (debit)

office supplies $2,400 (debit)

Accounts Payable $6,600 (credit)

March 6

Cash $3,500 (debit)

Revenue $3,500 (credit)

March 9

Trade Receivable $9,200 (debit)

Revenue $9,200 (credit)

March 12

Accounts Payable $6,600 (debit)

Cash $6,600 (credit)

March 19

Prepaid Insurance $4,700 (debit)

Cash $4,700 (credit)

March 22

Cash $3,900 (debit)

Trade Receivable $3,900 (credit)

March 25

Trade Receivable $3,760 (debit)

Revenue $3,760 (credit)

March 29

Dividend $6,200 (debit)

Cash $6,200 (credit)

March 30

Office supplies $1,600 (debit)

Cash $1,600 (credit)

March 31

Utility Bill $700 (debit)

Cash $700 (credit)

Explanation:

Identify the two Accounts Affected and place them in the respective given titles then record the journal.

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Data provided in the question:

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Standard deviation, s = 145

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