Examine the following transactions and identify those that create expenses for Jade Services. Prepare general journal entries
Question:
a. The company paid $14,100 cash for payment on a 14-month old liability for office supplies.
b. The company paid $1,125 cash for the just completed two-week salary of the receptionist.
c. The company paid $45,000 cash for equipment purchased.
d. The company paid $930 cash for this month’s utilities.
e. Owner (Jade) withdrew $5,000 cash from the company for personal use.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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