Business, 18.02.2020 03:19 ayyyyy65

Received $13,000 cash from the issue of common stock. Performed services on account for $45,000. Paid the utility expense of $1,100. Collected $33,000 of the accounts receivable. Recorded $6,250 of accrued salaries at the end of the year. Paid a $1,000 cash dividend to the stockholders. Record events in general ledger account.

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Answer from: zombieslayas8500

Please see explanation

Explanation:

The transactions shall be recorded in the general ledger in the following way:

Debit Credit

Cash $13,000

Common stock $13,000

(Received $13,000 cash from the issue of common stock)

Accounts receivable $45,000

Revenue $45,000

(Performed services on account for $45,000)

Utility expense $1,100

Cash $1,100

(Paid the utility expense of $1,100)

Cash $33,000

Accounts receivable $33,000

(Collected $33,000 of the accounts receivable)

Salaries expense $6,250

Salaries payable $6,250

(Recorded $6,250 of accrued salaries at the end of the year)

Retained Earnings $1,000

Cash $1,000

(Paid a $1,000 cash dividend to the stockholders)

Answer from: adantrujillo1234

The balance of the general ledgers are:

Cash $10,900 dr

Common stock $13000 cr

Revenue $45000 cr

Accounts receivable $12000 dr

Utility $1100 dr

Salaries $6250 dr

Salaries accrued $6250

Dividends payable $1000 dr

Explanation:

Find the relevant postings in the general ledgers in the attached.

Answer from: Quest

Typically, los inflation is a sign of a healthy economy because it results from a steady rise in demand.

Answer from: Quest

I’d put a, table of contents.

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