Homework: Chapter 2 Homework Save score: 0 of 1 pt | 2 of 2 (1 complete) HW Scor

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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

Explanation / Answer

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

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