Prepare Journal Entry ? Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained
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Prepare Journal Entry ?
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Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits Credits $ 13,500 6,700 2,700 16,500 $5,600 8,100 18,500 7,200 $ 39,400 $ 39,400 The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Provide services to customers, $47,000, of which $19,700 is on account. Collect on accounts receivable, $16,700. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $8,100 from 2023 (prior year). Pay repairs and maintenance expenses, $11,700. Purchase equipment for $6,700 cash. Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,609. Depreciation for the year on the equipment is $3,700. Office supplies remaining on hand at the end of the year equal $1,000. Requirement General Journal General Ledger Trial Balance Statement Income Balance Sheet Prepare the journal entries for transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. View transaction list Journal entry worksheet 8 10 11 12 13 Office supplies remaining on hand at the end of the year equal $1,000. Record the adjusting entry. Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals Debits Credits $ 13,500 6,700 2,700 16,500 $5,600 8,100 18,500 7,200 $ 39,400 $ 39,400 The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 6. October 19 7. December 30 Provide services to customers, $47,000, of which $19,700 is on account. Collect on accounts receivable, $16,700. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $8,100 from 2023 (prior year). Pay repairs and maintenance expenses, $11,700. Purchase equipment for $6,700 cash. Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,609. Depreciation for the year on the equipment is $3,700. Office supplies remaining on hand at the end of the year equal $1,000. Requirement General Journal General Ledger Trial Balance Statement Income Balance Sheet Prepare the journal entries for transactions. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. View transaction list Journal entry worksheet 8 10 11 12 13 Office supplies remaining on hand at the end of the year equal $1,000. Record the adjusting entry.
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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