Question

Windsor, Inc. was opened on August 1 by Joe Windsor. The following selected events and transactions occurred during August.

August 1. invested $51,000 cash in the business in exchange for common stock.

            3. Purchased O'Brian's Tree Service for $45,200 cash. The price consist of
                land $27,000, building $15,000, and equipment $3200. ( Make one.                       
                 compound entry).

            5. Advertised the opening of the business, paying advertising expense        
                $1200.

            6   Paid cash $1480 for a one year insurance policy.
   
            10 Purchased equipment for $2300 from Wildhorse company, payable
                 in 30 days.
             18 Received fees for services of $1800 in cash.
             25 Declared and paid a $700 cash dividend.
             30 Paid wages of $1300.
             30. Paid Wildhorse company in full.
             31. Received $500 of fees in cash.

Windsor uses the following accounts: cash, prepaid insurance, land, building, equipment, accounts payable, common stock, dividends, service revenue, advertising expense, and salaries and wages expense.

Journalist the August transaction. ( if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem).

Date.       Account. titles and explanation.              Debit.        Credit
Aug 1        (has 2 place for entries)

Aug 3.      (has 4 places for entries)

Aug 5.      (has 2 places for entries)

Aug 6.       (has 2 places for entries)

Aug 10.     (2 places)

Aug 18.     (2 places)

Aug 25.     (2 places)

Aug 30.      (2 places)

Aug 30.      (2 places)

Aug 31.      (2 places)

thank you!!!!

Answer 1

Date	Account titles and explanation	Debit	Credit
August
1	Cash	51000
	To common stock		51000
3	land	$27,000
	building	$15,000
	equipment	$3200
	To Cash		$45,200
5	advertising expense	$1200
	To cash		$1200
6	prepaid insurance	$1480
	To cash		$1480
10	equipment	$2300
	To accounts payable		$2300
18	Cash	$1800
	To service revenue		$1800
25	dividends	$700
	To cash		$700
30	salaries and wages expense	$1300
	To cash		$1300
30	accounts payable	$2300
	To cash		$2300
31	cash	$500
	To service revenue		$500