The following events apply to Time's consulting for 2011: 1. Provided $ 118,000 of services on...

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The following events apply to Time's consulting for 2011: 1. Provided $ 118,000 of services on account. 2. Incurred $ 11,980 of operating expenses on account. 3. Collected $ 124,000 of accounts receivable. 4. Paid $13,600 cash as a partial payment on accounts payable. 5. Paid $71,000 cash for salaries expenses. 6. Paid an $11,000 cash dividend to the stockholders. Required: a) Record these transactions in a general journal. event Account title 1 23 4 5 6 Debit Credit b) Open a T-account and post the preceding transactions to the cash. The following events apply to Time's consulting for 2011: 1. Provided $ 118,000 of services on account. 2. Incurred $ 11,980 of operating expenses on account. 3. Collected $ 124,000 of accounts receivable. 4. Paid $13,600 cash as a partial payment on accounts payable. 5. Paid $71,000 cash for salaries expenses. 6. Paid an $11,000 cash dividend to the stockholders. Required: a) Record these transactions in a general journal. event Account title 1 23 4 5 6 Debit Credit b) Open a T-account and post the preceding transactions to the cash. The following events apply to Time's consulting for 2011: 1. Provided $ 118,000 of services on account. 2. Incurred $ 11,980 of operating expenses on account. 3. Collected $ 124,000 of accounts receivable. 4. Paid $13,600 cash as a partial payment on accounts payable. 5. Paid $71,000 cash for salaries expenses. 6. Paid an $11,000 cash dividend to the stockholders. Required: a) Record these transactions in a general journal. event Account title 1 23 4 5 6 Debit Credit b) Open a T-account and post the preceding transactions to the cash. The following events apply to Time's consulting for 2011: 1. Provided $ 118,000 of services on account. 2. Incurred $ 11,980 of operating expenses on account. 3. Collected $ 124,000 of accounts receivable. 4. Paid $13,600 cash as a partial payment on accounts payable. 5. Paid $71,000 cash for salaries expenses. 6. Paid an $11,000 cash dividend to the stockholders. Required: a) Record these transactions in a general journal. event Account title 1 23 4 5 6 Debit Credit b) Open a T-account and post the preceding transactions to the cash.

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