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ID: 2492112 • Letter: P
Question
Please explain the reasoning if possible!
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The following transactions occurred for Webster Technology Solutions (Click the icon to view the transactions ) Journalize the transactions of Webster Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable, Office Supplies; Prepaid Advertising; Building: Land: Accounts Payable; Unearned Revenue; Webster Capital; Service Revenue; Rent Expense; Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 1: The business received cash of $115,000 and gave capital to Zach Webster Date Accounts and Explanation Debit Credit More Info May 1 Webster, Capital 115,000 Office Supplies Building Land 750 May 1 The business received cash of $115,000 and gave capital to Zach Webster 2 Purchased office supplies on account, $750 4 Paid $60,000 cash for building and land. The building had a fair 49,000 market value of $49,000 6 Performed services for customers and received cash, $3,000 9 Paid $600 on accounts payable 17 Performed services for customers on account, $2,200 19 Paid rent expense for the month, $600 20 Received $1,400 from customers for services to be performed next month 21 Paid $800 for advertising in next month's IT Technology magazine 23 Received $1,500 cash on account from a customer. 31 Incurred and paid salaries, $1,000 Print DoneExplanation / Answer
Answer:2
Accounts title Debit Credit Cash 9000 Equipment 35000 Accounts receivable 4600 Accounts payable 1300 Harrington withdrawls 11000 Utilities expense 1700 Harrington capital 18000 Rent expense 17000 Service revenue 34000 Salaries payable 22000 Salaries expense 2500 Interest payable 5500 Total 80800 80800