Question: Monilast Chemicals engaged in the following transactions during December 2011 Dec

Monilast Chemicals engaged in the following transactions during December 2011:
Dec. 2 Paid rent on office furniture, $900
3 Borrowed $20,000 on a nine-month, 8 percent note
7 Provided services on credit, $38,600
10 Purchased supplies on credit, $3,200
13 Collected accounts receivable, $18,800
19 Sold common stock, $55,000
22 Paid employee wages for December, $11,650
23 Paid accounts payable, $6,975
25 Provided services for cash, $15,430
30 Paid utility bills for December, $2,180
Required:
Prepare a journal entry for each transaction.

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  • CreatedSeptember 22, 2015
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