c e dugen wileyplus.com/edugermain un Return to Blackboard ilevPLUS Weyandt, Financial Accounting IFRS, De CYCLUS Hela Svate Announcements CALCULATOR HENT RESOURCES Problem 2-ZA Lena Fohn is a licensed accountant. During the first month of operations of her business, Skysong, Inc., the following events and transactions occurred. May 1 Shareholders invested 20,325 cash in exchange for ordinary shares 2 Hired a secretary receptionist at a salary of 1,044 per month 3 Purchased 2,200 of supplies on account from Hartig Supply Company, 7 Paid office rent of C70 cash for the month 11 completed a tax assignment and billed client 3,759 for services provided 12 Received 3,193 advance on a management consulting engagement.
17 Received cash of C1,762 for services performed for Lucille Co. 31 Paid secretary-receptionist 01.044 salary for the month 31 Paid So of balance due Martig Supply Company Skysong, Inc. uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 31 Share Capital-Ordinary, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Your answer is partially correct. Try again. Journame the transactions. (Record entries in the order displayed in the problem statement. If no entry is required, select “No entry for the account titles and enter for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit May 1 Cash 20,325
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