Question

Texas Sales Consultants completed the following transactions during the latter part of January:
Jan. 22 Performed services for customers on account, $ 8,000.
30 Received cash on account from customers, $ 7,000.
31 Received a utility bill, $ 180, which will be paid during February.
31 Paid monthly salary to salesman, $ 2,000.
31 Received $ 1,500 for 3 months of consulting service to be performed starting in February.
31 Cash dividends of $ 1,000 were paid to stockholders.
Journalize the transactions of Texas Sales Consultants. Include an explanation with each journal entry.



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  • CreatedJanuary 16, 2015
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