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ACCT 221 Midterm

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ACCT 221 Midterm: Ch. 1-6;Problem;1. Journalize the following selected transactions for April 2013 in a two-column journal. Journal entry explanations may be omitted.;April 1;Received cash from stockholder, Kevin Marks, in return for stock, $14,000.;2;Received cash for providing accounting services, $9,500.;3;Billed customers on account for providing services, $4,200.;4;Paid advertising expense, $700.;5;Received cash from customers on account, $2,500.;6;Dividends paid, $1,010.;7;Received telephone bill, $900.;8;Paid telephone bill, $900.;Date;Description;Post Ref;Debit;Credit

 

Paper#77056 | Written in 18-Jul-2015

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