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Horizon Consultants Inc ACT300 Principles of Accounting I Module 8: Portfolio Project Template Option #1 (Part 1) Journal Entries for Horizon Consultants Inc. Date Account Names Debit Credit 1-Mar...

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Horizon Consultants Inc
    ACT300 Principles of Accounting I
    Module 8: Portfolio Project Template Option #1 (Part 1)
    Journal Entries for Horizon Consultants Inc.
    Date    Account Names    Debit    Credit
    1-Ma
    2-Ma
    3-Ma
    6-Ma
    10-Ma
    12-Ma
    19-Ma
    22-Ma
    25-Ma
    29-Ma
    30-Ma
    31-Mar
Answered Same Day Sep 30, 2021

Solution

Yash answered on Oct 03 2021
150 Votes
Journals
    ACT300 Principles of Accounting I
    Module 8: Portfolio Project Template Option #1 (Part 1)
    Journal Entries for Horizon Consultants Inc.
    Date    Account Names    Debit    Credit
    1-Mar    cash    $125,000
        Office Equipment    $45,000
        To Capital Stock        $170,000
    2-Mar    Cash     $4,000
        To Consulting Revenue        $4,000
    3-Mar    Office Equipment    $1,500
        Office Supplies    $2,100
        To Accounts Payable        $3,600
    6-Mar    Prepaid Rent    $6,000
        To Cash        $6,000
    10-Mar    Accounts Receivable    $4,250
        To Consulting Revenue        $4,250
    12-Mar    Accounts Payable    $3,600
        To Cash        $3,600
    19-Mar    Prepaid Insurance    $6,000
        To Cash        $6,000
    22-Mar    Cash    $3,250
        To Accounts Receivable        $3,250
    25-Mar    Accounts Receivable    $4,250
        To Consulting Revenue        $4,250
    29-Mar    Dividend    $3,000
        To Cash        $3,000
    30-Mar    Office Supplies    $750
        To Accounts Payable        $750
    31-Mar    Utility Expense    $350
        To Cash        $350
LEDGERS
    CASH                            Office Equipment                            Capital Stock
    Date     Particulars    Amount    Date     Particulars    Amount        Date     Particulars    Amount    Date...
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