The following transactions occurred for Wilson Technology Solutions (Click the i

Question

The following transactions occurred for Wilson Technology Solutions (Click the icon to view the transactions.) ournalize the transactions of Wilson Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash: Accounts Receivable; Office Supplies; Prepaid Advertising Building: Land: Accounts Payable; Unearned Revenue; Wilson, Capital; Service Revenue; Rent Expense; Salaries Expense. (Record debits first, then credits. Explanations will appear on the last line of the journal entry table.) May 1: The business received cash of $75,000 and gave capital to Zoe Wilson, the owner. Date Accounts and Explanation Debit Credit Nov 1May1

Explanation / Answer

Journal entry

Date General Journal Debit Credit May 1 Cash $75,000 Wilson, Capital $75,000 (To record the cash capital investment in the business

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