NWP Assessment Player UI Application3

School: Bogota Jr Sr High Sch - Course: MATHEMATICS 107 - Subject: Accounting

View Policies Show Attempt History Your AnswerCorrect Answer (Used) Beverly Crusher is a licensed CPA. During the ±rst month of operations of her business (a sole proprietorship), the following events and transactions occurred. April2 Invested $32,000 cash and equipment valued at $14,000 in the business. 2Hired an administrative assistant at a salary of $290 per week payable monthly. 3Purchased supplies on account $700. (Debit an asset account.) 7Paid of±ce rent of $600 for the month. 11Completed a tax assignment and billed client $1,100 for services rendered. (Use Service Revenue account.) 12Received $3,200 advance on a management consulting engagement. 17Received cash of $2,300 for services completed for Ferengi Co. 21Paid insurance expense $110. 30Paid administrative assistant $1,160 for the month. 30A count of supplies indicated that $120 of supplies had been used. 30Purchased a new computer for $6,100 with personal funds. (The computer will be used exclusively for business purposes.) Journalize the transactions in the general journal.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account

1/27/23, 6:08 PMNWP Assessment Player UI Application https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchId=b4baca32-7d96-41c1-b1d2-1a7e9c4d51dd#/question/22/3titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) DateAccount Titles and ExplanationDebit CashEquipmentOwner's Capital No EntryNo Entry ASuppliesAccounts Payable ARent ExpenseCash AAccounts ReceivableService Revenue ACashUnearned Service Revenue ACashService Revenue AInsurance Expense32,000 14,000 0 700 600 1,100 3,200 2,300 110