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

question 61

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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Definitions:

Organelles

Specialized structures within a cell that perform specific functions necessary for the cell's life, such as mitochondria and chloroplasts.

Chloroplasts

Organelles found in plant and algal cells that conduct photosynthesis, converting light energy into sugar.

Actin Filaments

Protein fibers that play a critical role in cell movement and shape, and are a major component of the cell's cytoskeleton.

Muscle Cells

Specialized cells that make up muscle tissue and have the ability to contract, allowing for movement and force generation in the body.