accounting

Invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the business. How would this journal entry be posted to the general journal?

  1. 👍
  2. 👎
  3. 👁
  1. debit 105,000
    debit 6,000

    1. 👍
    2. 👎
  2. saa

    1. 👍
    2. 👎
  3. Dr. Cash 105.000
    Dr. Equipment 51.000
    Cr. Capital 156.000

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. statistics

    The data set represents the income levels of the members of a country club. Estimate the probability that a randomly selected member earns at least $98,000. 112,000 126,000 90,000 133,000 94,000 112,000 98,000 82,000 147,000

  2. Finance

    Cooper construction is considering purchasing new technologically advanced equipment. The equipment will cost $625,000 with a salvage value $50,000 and the end of 10 years. The equipment is expected to general additional annual

  3. acc 100

    Metzger Company compiled the following financial information as of December 31, 2010: Revenues $140,000 Metzger, Capital (1/1/10) 70,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Metzger, Drawings 10,000 Supplies 5,000

  4. FINANCE

    Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets

  1. MTH 156

    Southwest Cleaners believes that it will need new equipment in 10 years. The equipment will cost $26,000. What lump sum should be invested today at 8% compounded semi-annually, to yield $26,000?

  2. Managerial Accounting

    The following information was drawn from the year-end blance sheet of Desoto Company: Account Title` 2012 2011 Investment securities $35,500 $30,000 Equipment 235,000 220,000 Buildings 845,000 962,000 Land 80,000 69,000 Additional

  3. Finance

    Dr. Whitten has decided to purchase equipment that has a cost of $60,000 and will produce a pretax net cash inflow of $30,000 per year over its estimated useful life of six years. The equipment will have no salvage value and will

  4. Accounting

    Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000) Common

  1. accounting

    Shelton Engineering completed the following transactions in the month of June. a. Shania Shelton, the owner, invested $105,000 cash, office equipment with a value of $6,000, and $45,000 of drafting equipment to launch the

  2. Accounts

    The following transactions occurred during June for Campus Cycle Shop. Record the transactions below in the T accounts. Place the letter of the transaction next to the entry. Foot and calculate the ending balances of the T

  3. accounting 100

    The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2014: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000

  4. accounting

    (TCO 8) Partial balance sheets for ABC Company and additional information are provided below. ABC Company, Partial Balance Sheets, As of December 31 2009 2008 Equipment $100,000 $75,000 Accumulated depreciation (25,000) (20,000)

You can view more similar questions or ask a new question.