Accounting and Finance Foundations

(Chris Devlin) #1

Unit 6


Accounting and Finance Foundations Unit 6: Journalizing 509

Open-Response Unit Assessment S/T Guide


Tasks


A. Enter the following business transactions for Super Star Talent Services in the general journal:


  1. Maria deposited $12,000.00 to open her business
    on 12/01/20YY.

  2. Maria purchased a desk for her office for $5,500.00 on account from Furniture World on
    12/05/20YY.

  3. Super Star Talent Services received $1,000.00 for booking a photo shoot with a client on
    12/05/20YY.

  4. Maria wrote a check for $550.00 for rent on 12/15/20YY.

  5. Maria withdrew $500.00 to get a makeover on 12/16/20YY.

  6. Maria performed a talent search for a local
    advertising agency on 12/20/20YY and agreed
    to be paid $2,000.00 later.

  7. Maria bought supplies totaling $130.00 on 12/21/20YY.

  8. Maria sent a $560.00 check on 12/21/20YY to Furniture World to pay on her account.

  9. Maria contributed a computer worth $600.00 to the business on 12/22/20YY.

  10. Maria received a $1,000 check on 12/23/20YY from the local advertising agency for services
    performed earlier in the month.

  11. Maria bought office furniture for $2,000 cash on 12/26/20YY.

  12. Maria paid her utility bill for $300 on 12/26/20YY.

  13. Maria provided one of her models for a hand lotion commercial and received $1,000 on
    12/28/20YY.

  14. Maria bought a calculator for $150 on 12/29/20YY.

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