Prepare a journal entry for the purchase of office equipment on office supplies on August 7 for $4,000, paying $1,000 cash and the remainder on account.
Answer to relevant QuestionsPrepare a journal entry on September 6 for fees earned on account, $8,000.On October 1, the supplies account balance was $900. During October, supplies of $2,750 were purchased, and $1,025 of supplies were on hand as of October 31, determined supplies expense for October.Imperial Carpet has the following unadjusted trial balance as of March 31, 2012.The debit and credit totals are not equal as a result of the following errors:a. The balance of cash was understated by $12,000.b. A cash ...What is the purpose of preparing a bank reconciliation?Prepare journal entries for each of the followinga. Issued a check to establish a petty cash fund of $800.b. The amount of cash in the petty cash fund is $225. Issued a check to replenish the fund based on the following ...
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