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  • Findlay Testing Inc Provides Water Testing and Maintenance Services For

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    Findlay Testing Inc. provides water testing and maintenance services. In September, they issued stock for $20,000, purchased supplies for $1,880 in cash, and prepaid rent for the next three months totaling $2,400. They also purchased $1,290 of advertising on account and billed the city of Bellefontaine $2,100 for testing pools, receiving payment from a customer for $8,250 and the city for $835. Finally, they paid salaries of $3,970.

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    Findlay Testing Inc. provides water testing and maintenance services. In September, they issued stock for $20,000, purchased supplies for $1,880 in cash, and prepaid rent for the next three months totaling $2,400. They also purchased $1,290 of advertising on account and billed the city of Bellefontaine $2,100 for testing pools, receiving payment from a customer for $8,250 and the city for $835. Finally, they paid salaries of $3,970.

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    56 views1 page

    Findlay Testing Inc Provides Water Testing and Maintenance Services For

    Uploaded by

    Freelance Worker
    Findlay Testing Inc. provides water testing and maintenance services. In September, they issued stock for $20,000, purchased supplies for $1,880 in cash, and prepaid rent for the next three months totaling $2,400. They also purchased $1,290 of advertising on account and billed the city of Bellefontaine $2,100 for testing pools, receiving payment from a customer for $8,250 and the city for $835. Finally, they paid salaries of $3,970.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Findlay Testing Inc provides water testing and

    maintenance services for #2279


    Findlay Testing Inc provides water testing and maintenance services for

    Findlay Testing Inc. provides water testing and maintenance services for owners of hot tubs and
    swimming pools. During September the following transactions occurred:

    Sept. 1 Issued common stock for $20,000.

    2 Purchased chemical supplies for $1,880 cash.

    5 Paid office rent for October, November, and December; the rent is $800 per month.

    8 Purchased $1,290 of advertising for September on account.

    13 Billed the city of Bellefontaine $2,100 for testing the water in the city's outdoor pools during
    September.

    18 Received $8,250 from Alexander Blanchard upon completion of overhaul of his swimming
    pool water circulation system. Since the job was completed and collected for on the same day,
    no bill was sent to Blanchard.

    Sept. 25 Received $835 from the city of Bellefontaine for water testing that was previously
    billed.

    30 Recorded and paid September salaries of $3,970.

    Required:

    1. Prepare a journal entry for each transaction.

    2. Post the journal entries to the appropriate T-accounts.

    Findlay Testing Inc provides water testing and maintenance services for

    ANSWER
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