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Anya Smith Started Geek Speak, a Computer Consulting Business, in February

Question 135

Essay

Anya Smith started Geek Speak, a computer consulting business, in February, 2012. The company completed the following transactions during March, 2012:
1. Geek Speak paid Anya a dividend of $1,000.
2. Received partial payment from customers on account, $1,500.
3. Purchased a new computer for $1,800 and paid cash.
4. Borrowed $10,000 from the bank and signed a note payable.
5. Paid the employees their monthly salary of $2,800.
6. Recorded $4,000 of revenue on account and mailed invoices to the customers.
7. Purchased office supplies of $600 on account.
8. Paid for the office supplies purchased on account, $600.
REQUIRED:
Journalize the transactions. Explanations are not required.

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