Lisa-Mona-the-owner-invested-80000-cash-office-equipment-with-a-value-of-6500-and-60000-

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Mona Engineering completed the following transactions in the month of June. a. Lisa Mona, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 of drafting equipment to launch the business. b. Purchased land worth $77,000 for an office by paying $20,200 cash and signing a long-term note payable for $56,800. c. Purchased a portable building with $35,000 cash and moved it onto the land acquired in b. d. Paid $1,500 cash for the premium on a three-year insurance policy. e. Completed and delivered a set of plans for a client and collected $8,100 cash. f. Purchased $15,000 of additional drafting equipment for by paying $4,500 cash and signing a long-term note payable for $10,500. g. Completed $30,000 of engineering services for a client. This amount is to be received in 30 days. h. Purchased $3,950 of additional office equipment on credit. i. Completed engineering services for $12,000 on credit. j. Received a bill for rent of equipment that was used on a recently completed job. The $1,050 rent cost must be paid within 30 days. k. Collected $24,000 cash in partial payment from the client described in transaction g. l. Paid $2,400 cash wages to a drafting assistant. m. Paid $3,950 cash to settle the account payable created in transaction h. n. Paid $125 cash for minor repairs to its drafting equipment. o. Lisa Mona withdrew $1,480 cash for personal use. p. Paid $2,400 cash wages to a drafting assistant. q. Paid $3,300 cash for advertisements on the local television station during June. Required 1. Prepare general journal entries to record these transactions (use account titles listed in part 2). 2. Open the following ledger accountstheir account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment;(164) Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Lisa Mona, Capital (301); Lisa Mona, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Rental Expense (602); Advertising Expense (603); and Repairs Expense (604). Post the journal entries from part 1 to the accounts and enter the balance after each posting. 3. Prepare a trial balance as of the end of June.
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My Insurance Issue?
I have an insurance issue foryou people.I had a collision just before I sold my car.I reported it to the police,they emerged and did the report.I informed who owns another car and we exercised everything.The insurance companies know and are taking care of it.Now 2-3 weeks later he's saying that I owe him $500 for the deductible on his insurance policy.I have liability which absolutely addresses the other guys car.But like I said today the guy is showing me I've to cover this extra cash out of pocket to get the accident dude to start focusing on his car.I toldhim my insurance company is meant to care for it.Please tell me whether I've to look after it or does my insurance must purchase it.I declare my insurance does because otherwise whats the purpose of insurance then.Please let me understand thankyou people."

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Lisa Mona, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 .....?
Mona Engineering completed the following transactions in the month of June. a. Lisa Mona, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 of drafting equipment to launch the business. b. Purchased land worth $77,000 for an office by paying $20,200 cash and signing a long-term note payable for $56,800. c. Purchased a portable building with $35,000 cash and moved it onto the land acquired in b. d. Paid $1,500 cash for the premium on a three-year insurance policy. e. Completed and delivered a set of plans for a client and collected $8,100 cash. f. Purchased $15,000 of additional drafting equipment for by paying $4,500 cash and signing a long-term note payable for $10,500. g. Completed $30,000 of engineering services for a client. This amount is to be received in 30 days. h. Purchased $3,950 of additional office equipment on credit. i. Completed engineering services for $12,000 on credit. j. Received a bill for rent of equipment that was used on a recently completed job. The $1,050 rent cost must be paid within 30 days. k. Collected $24,000 cash in partial payment from the client described in transaction g. l. Paid $2,400 cash wages to a drafting assistant. m. Paid $3,950 cash to settle the account payable created in transaction h. n. Paid $125 cash for minor repairs to its drafting equipment. o. Lisa Mona withdrew $1,480 cash for personal use. p. Paid $2,400 cash wages to a drafting assistant. q. Paid $3,300 cash for advertisements on the local television station during June. Required 1. Prepare general journal entries to record these transactions (use account titles listed in part 2). 2. Open the fol low ing ledger accountstheir account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment;(164) Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Lisa Mona, Capital (301); Lisa Mona, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Rental Expense (602); Advertising Expense (603); and Repairs Expense (604). Post the journal entries from part 1 to the accounts and enter the balance after each posting. 3. Prepare a trial balance as of the end of June.
I might suggest you to visit this web page where one can get quotes from different companies: http://insurecheap.us
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Lisa Mona, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 .....?
Mona Engineering completed the following transactions in the month of June. a. Lisa Mona, the owner, invested $80,000 cash, office equipment with a value of $6,500, and $60,000 of drafting equipment to launch the business. b. Purchased land worth $77,000 for an office by paying $20,200 cash and signing a long-term note payable for $56,800. c. Purchased a portable building with $35,000 cash and moved it onto the land acquired in b. d. Paid $1,500 cash for the premium on a three-year insurance policy. e. Completed and delivered a set of plans for a client and collected $8,100 cash. f. Purchased $15,000 of additional drafting equipment for by paying $4,500 cash and signing a long-term note payable for $10,500. g. Completed $30,000 of engineering services for a client. This amount is to be received in 30 days. h. Purchased $3,950 of additional office equipment on credit. i. Completed engineering services for $12,000 on credit. j. Received a bill for rent of equipment that was used on a recently completed job. The $1,050 rent cost must be paid within 30 days. k. Collected $24,000 cash in partial payment from the client described in transaction g. l. Paid $2,400 cash wages to a drafting assistant. m. Paid $3,950 cash to settle the account payable created in transaction h. n. Paid $125 cash for minor repairs to its drafting equipment. o. Lisa Mona withdrew $1,480 cash for personal use. p. Paid $2,400 cash wages to a drafting assistant. q. Paid $3,300 cash for advertisements on the local television station during June. Required 1. Prepare general journal entries to record these transactions (use account titles listed in part 2). 2. Open the following ledger accountstheir account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment;(164) Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Lisa Mona, Capital (301); Lisa Mona, Withdrawals (302); Engineering Fees Earned (402); Wages Expense (601); Rental Expense (602); Advertising Expense (603); and Repairs Expense (604). Post the journal entries from part 1 to the accounts and enter the balance after each posting. 3. Prepare a trial balance as of the end of June.
I might suggest you to visit this web page where one can get quotes from different companies: http://insurecheap.us