1. UOP ACC 290 Week 3 Apply Connect Assignment
(With Excel File)
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ACC 290 Week 3 Apply Connect Assignment
Complete the Week 3 Assignment in Connect.
Note: You have only 1 attempt available to
complete assignments
1 On October 1, 2019, Helen Kennedy opened an
2. advertising agency.
DATE
TRANSACTIONS
Oct. 1
Helen Kennedy invested $61,000 cash in the
business.
2
Paid October office rent of $3,050; issued Check
1001.
5
Purchased desks and other office furniture for
$13,900 from Office Furniture Mart, Inc.;
received Invoice 6704 payable in 60 days.
6
Issued Check 1002 for $3,250 to purchase art
equipment.
7
3. Purchased supplies for $1,600; paid with Check
1003.
10
Issued Check 1004 for $490 for office cleaning
service.
12
Performed services for $4,150 in cash and
$1,950 on credit. (Use a compound entry.)
15
Returned damaged supplies for a cash refund of
$290.
18
Purchased a computer for $3,050 from Office
Furniture Mart, Inc., Invoice 7108; issued Check
1005 for a $1,775 down payment, with the
balance payable in 30 days. (Use one compound
entry.)
20
4. Issued Check 1006 for $6,950 to Office Furniture
Mart, Inc., as payment on account for Invoice
6704.
26
Performed services for $4,450 on credit.
27
Paid $270 for monthly telephone bill; issued Check
1007.
30
Received $3,750 in cash from credit customers.
30
Mailed Check 1008 to pay the monthly utility bill
of $345.
30
Issued Checks 1009-1011 for $8,050 for salaries.Required:
5. 1. Journalize the above transactions.
2. Post the above transactions to the ledger
accounts.
Analyze:
What is the balance of account 202 in the general
ledger?
2.
The following journal entries were prepared by an
employee of International Marketing Company
who does not have an adequate knowledge of
accounting.
GENERAL JOURNAL
Date Description Post. Ref. Debit Credit
2019
April 1 Accounts Payable 14000 Fees Income
14000 Performed services on credit
2 Cash 660
Telephone Expense 660
6. Paid for March telephone service, Check 1917
3 Office Equipment 8480 Office
Supplies 960 Cash 10000
Purchased file cabinet and office
supplies, Check
1918
2
The transactions that follow took place at the
Desoto Recreation and Sports Arena during
September 2019. This firm has indoor courts
where customers can play tennis for a fee. It also
rents equipment and offers tennis lessons.
DATE
TRANSACTIONS
Sept.
1
Issued Check 1169 for $1,200 to pay the
September rent.
7. 5
Performed services for $3,200 in cash.
6
Performed services for $2,050 on
credit.
10
Paid $560 for monthly telephone bill; issued Check
1170.
11
Paid for equipment repairs of $800 with Check
1171.
8. 12
Received $3,000 on account from credit clients.
15
Issued Checks 1172-1177 for $4,000 for salaries.
18
Issued Check 1178 for $1,800 to
purchase
supplies.
19
Purchased new tennis rackets for $2,050 on credit
from The Tennis Supply Shop; received Invoice
3108, payable in 30 days.
9. 20
Issued Check 1179 for $2,720 to purchase new
nets. (Equip.)
21
Received $910 on account from credit
clients.
21
Returned a damaged net and received a
cash
refund of $410.
22
Performed services for $3,400 in cash.
10. 23
Performed services for $4,990 on credit.
26
Issued Check 1180 for $600 to purchase
supplies.
28
Paid the monthly electric bill of $2,390 with Check
1181.
30
Issued Checks 1182-1187 for $4,000 for salaries.
30
11. Issued Check 1188 for $4,000 cash to Ellis Carter
for personal expenses.
Required:
Record each of the above transactions in the
general journal.
Analyze:
If the company paid a bill for supplies on October
1, what check number would be included in the
journal entry description?
