Question

The May transactions of Blue Spruce Corp. were as follows. May 4 Paid $750 due for...

The May transactions of Blue Spruce Corp. were as follows.

May 4 Paid $750 due for supplies previously purchased on account.
7 Performed advisory services on account for $7,150.
8 Purchased supplies for $870 on account.
9 Purchased equipment for $2,940 in cash.
17 Paid employees $650 in cash.
22 Received bill for equipment repairs of $830.
29 Paid $1,270 for 12 months of insurance policy. Coverage begins June 1.



Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

May 4May 7May 8May 9May 17May 22May 29

enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
choose a transaction date

May 4May 7May 8May 9May 17May 22May 29

enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
choose a transaction date

May 4May 7May 8May 9May 17May 22May 29

enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
choose a transaction date

May 4May 7May 8May 9May 17May 22May 29

enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
choose a transaction date

May 4May 7May 8May 9May 17May 22May 29

enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
choose a transaction date

May 4May 7May 8May 9May 17May 22May 29

enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
choose a transaction date

May 4May 7May 8May 9May 17May 22May 29

enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The May transactions of Novak Corp. were as follows. May 4 Paid $850 due for supplies...
The May transactions of Novak Corp. were as follows. May 4 Paid $850 due for supplies previously purchased on account. 7 Performed advisory services on account for $6,900. 8 Purchased supplies for $850 on account. 9 Purchased equipment for $2,050 in cash. 17 Paid employees $610 in cash. 22 Received bill for equipment repairs of $890. 29 Paid $1,210 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions. (If no entry is required, select "No Entry"...
The May transactions of Indigo Corporation were as follows. May 4 Paid $880 due for supplies...
The May transactions of Indigo Corporation were as follows. May 4 Paid $880 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,110. 8 Purchased supplies for $820 on account. 9 Purchased equipment for $2,480 in cash. 17 Paid employees $710 in cash. 22 Received bill for equipment repairs of $810. 29 Paid $1,220 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions. (If no entry is required, select "No Entry"...
Blue Spruce Corp. issued 1,100 6%, 5-year, $1,000 bonds dated January 1, 2022, at face value....
Blue Spruce Corp. issued 1,100 6%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 enter an account title for the journal entry on January 1,2017 enter a debit amount enter a credit...
Blossom Corporation issued $408,000 of 7% bonds on May 1, 2020. The bonds were dated January...
Blossom Corporation issued $408,000 of 7% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest. Prepare Blossom’s journal entries for (a) the May 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for...
During its first year of operations, Ayayai Corp. had these transactions pertaining to its common stock....
During its first year of operations, Ayayai Corp. had these transactions pertaining to its common stock. Jan. 10 Issued  25,000 shares for cash at $ 4 per share. July 1 Issued  50,000 shares for cash at $ 7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $ 4 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $ 1 per share. (Record journal entries in...
During its first year of operations, Swifty Corporation had the following transactions pertaining to its common...
During its first year of operations, Swifty Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 69,500 shares for cash at $7 per share. July    1 Issued 38,000 shares for cash at $10 per share. Partially correct answer iconYour answer is partially correct. Journalize the transactions, assuming that the common stock has a par value of $7 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when...
Exercise 5-02 This information relates to Windsor Co. 1. On April 5, purchased merchandise from Wildhorse...
Exercise 5-02 This information relates to Windsor Co. 1. On April 5, purchased merchandise from Wildhorse Company for $25,100, terms 2/10, n/30. 2. On April 6, paid freight costs of $530 on merchandise purchased from Wildhorse. 3. On April 7, purchased equipment on account for $32,500. 4. On April 8, returned $3,600 of April 5 merchandise to Wildhorse Company. 5. On April 15, paid the amount due to Wildhorse Company in full. (a) Prepare the journal entries to record the...
Blossom Company had the following transactions during the first week of May. Record the following transactions...
Blossom Company had the following transactions during the first week of May. Record the following transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Purchased supplies on account for $440. 2. Performed services and billed the customer $1,500. 3. Received cash of $770 for services to be performed in June. 4. Collected $500 on account. 5. Paid...
Prepare the journal entries to record the following transactions on Crane Company’s books using a perpetual...
Prepare the journal entries to record the following transactions on Crane Company’s books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Larkspur Company sold $889,700 of merchandise to Crane Company on account, terms 3/10, n/30. The cost...
The following transactions are for Windsor Company. 1. On December 3, Windsor Company sold $491,200 of...
The following transactions are for Windsor Company. 1. On December 3, Windsor Company sold $491,200 of merchandise to Wildhorse Co., on account, terms 3/10, n/30. The cost of the merchandise sold was $322,800. 2. On December 8, Wildhorse Co. was granted an allowance of $24,400 for merchandise purchased on December 3. 3. On December 13, Windsor Company received the balance due from Wildhorse Co. (a) Prepare the journal entries to record these transactions on the books of Windsor. Windsor uses...