Question

1

Answer 1

Part 1a:


the transactions that create expenses for valdez services are:

a. the company paid $12,200 cash for payment on a 16-month old liability for office supplies.
b. the company paid $1,233 cash for the just completed two-week salary of the receptionist.
c. the company paid $39,200 cash for equipment purchased.
d. the company paid $870 cash for this month's utilities.



Part 1b:

The general journal entries recording the transactions of Valdez services is attached.



Part 2.

The income statement of Carmen Camry for the August is attached.



Part 3:

The statement of owner's equity of Carmen Camry for August is attached.



Part 4:

The general journal entries recording the transactions of Hannah Venedict is attached