Asked by ZUHAL
A company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal. A perpetual inventory system is used. The following transactions were completed by the company during the current month of October:
Record these transactions in the appropriate journal shown below.
Record these transactions in the appropriate journal shown below.
Answers
Answered by
SraJMcGin
We see no journal below?
Sra
Sra
Answered by
Preciojs99
When recording the following transactions in general journal entry form.
1. Issused common stock for $5,000 cash.
2. Borrowed $4,000 cash from a Local Bank.
3. Ourchased $500 of supplies on account.
4. Recognized revenue of $18,000 for services provided on account.
5. Paid $3,900 cash for salaries expense.
6. Paid $2,400 cash in advance for a one-year lease to rent office space.
7. Purchased $3,500 of office furniture on account.
8. Received $1,800 cash for services to be performed in the future.
9. Collected $3,000 cash from accounts receivable.
10. Paid $1,200 cash for utilities.
1. Issused common stock for $5,000 cash.
2. Borrowed $4,000 cash from a Local Bank.
3. Ourchased $500 of supplies on account.
4. Recognized revenue of $18,000 for services provided on account.
5. Paid $3,900 cash for salaries expense.
6. Paid $2,400 cash in advance for a one-year lease to rent office space.
7. Purchased $3,500 of office furniture on account.
8. Received $1,800 cash for services to be performed in the future.
9. Collected $3,000 cash from accounts receivable.
10. Paid $1,200 cash for utilities.
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