Laura Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $26,320 cash and equipment valued at $11,370 in the business.
2 Hired an administrative assistant at a salary of $346 per week payable monthly.
3 Purchased supplies on account $802. (Debit an asset account.)
7 Paid office rent of $532 for the month.
11 Completed a tax assignment and billed client $950 for services rendered. (Use Service Revenue account.)
12 Received $3,325 advance on a management consulting engagement.
17 Received cash of $1,856 for services completed for Ferengi Co.
21 Paid insurance expense $110.
30 Paid administrative assistant $1,384 for the month.
30 A count of supplies indicated that $122 of supplies had been used.
30 Purchased a new computer for $6,019 with personal funds. (The computer will be used exclusively for business purposes.)

Required:
Journalize the transactions in the general journal.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.