Prepare journal entries to record the following transactions for the month of July: A. On first day
Question:
Prepare journal entries to record the following transactions for the month of July:
A. On first day of the month, paid rent for current month, $2,000
B. On tenth day of month, paid prior month balance due on accounts, $3,100
C. On twelfth day of month, collected cash for services provided, $5,500
D. On twenty-first day of month, paid salaries to employees, $3,600
E. On thirty-first day of month, paid for dividends to shareholders, $800
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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