Homework Chapter 2 Homework Save score 0 of 1 pt 2 of 2 1 c

Homework: Chapter 2 Homework Save score: 0 of 1 pt | 2 of 2 (1 complete) HW Score: 50%, 1 of 2 .. E2-18 (similar to) Question Help The following transactions occurred for Walen Technology Solutions: Click the icon to view the transactions.) Journalize the transactions of Walen Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising Land; Building, Accounts Payable; Uneaned Revenue; Walen, Capital: Service Revenue; Rent Expense; and 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 $95,000 and gave capital to Zeke Walen. Date Accounts and Explanation Debit Credit Service Revenue Rent Expense Accounts Payable Salaries Expense May 1 9000 2500 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer remaining here to searc

Solution

Journal Entries :-

Date	Particulars	Debit($)	Credit($)
May 1	Cash A/c Dr.	95000
	To Common Stock A/c		95000
May 2	Office Supplies A/c Dr.	450
	To Accounts Payable A/c		450
Mlay 4	Building A/c Dr.	50000
	Land A/c Dr. ($56000-$50000)	6000
	To Cash A/c		56000
May 6	Cash A/c Dr.	2600
	To Service Revenue A/c		2600
May 9	Accounts Payable A/c Dr.	350
	To Cash A/c		350
May 17	Accounts Receivable A/c Dr.	2500
	To Services Revenue A/c		2500
May 19	Rent Expense A/c Dr.	500
	To Cash A/c		500
May 20	Cash A/c Dr.	1100
	To Unearned Revenue A/c		1100
May 21	Prepaid Advertising Expense A/c Dr.	700
	To Cash A/c		700
May 23	Cash A/c Dr.	1900
	To Accounts Receivable A/c		1900
May 31	Salaries Expenses A/c Dr.	1200
	To Cash A/c		1200