Probiom C Below are the transactions for the Corporation SUP

Probiom C. Below are the transactions for the Corporation, SUPER DES GNCO. for the month of October, 20XX: Oct 1 The firm exchanged $25,000 of Capital Stock ior Furniture and Fixtures 5 Received cash of $4,300 as a loan from the bank. 15 Sent charge customers invoices for $3,200 for the work completed 20 Made out check to employees for the month of $850 21 22 Issued stockholders\' cash dividends of $150 23 Depreciation for the month is $75. 24 Office supplies used was $35 Purchased office supplies of $600 for cash Instructions: Complete the same steps as used in Problem A above with the following Accounts: Cash, Account Receivable, Office Supplies, Furniture and Fixtures, Accumulated Depreciation, Loan Payable, Capital Stock, Cash Dividends, Service Sales, Salaries Expense, Office Supplies Expense, Depreciation Expense

Solution

Date Accounts Title Dr Cr 1-Oct Furniture & Fixtures $25,000 Capital stock $25,000 (firm exchanged capital stock for furniture recorded) 5-Oct Cash $4,300 Loan Payable $4,300 (being loan taken from bank recorded) 15-Oct Accounts recievable $3,200 Service sales $3,200 20-Oct Salaries expenses $850 Cash $850 (being salarie paid to employees recorded) 21-Oct Office supplies $600 Cash $600 9being office supplies purcahsed for cash recorded) 22-Oct Cash Dividends $150 Cash $150 (being cash dividend paid recrded) 23-Oct Depreciation expenses $75 Accumulates Depreciation $75 24-Oct Office supplies expenses 35 Office supplies 35 (being office supplies used)