Identifying accounting events from journal entries Required The following information is from the records of Floral Design.
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The following information is from the records of Floral Design. Write a brief explanation of the accounting event represented in each of the general journalentries.
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Account Titles Credit Date Jan. Feb. 1 Debit 18,750 15,300 Cash Common Stock 18,750 Prepaid Rent Cash 15,300 Mar 1 Supplies 2,325 Accounts Payable 2,325 Apr. 1 May 20 June 30 Cash 19,500 Unearned Revenue 19,500 Accounts Receivable 27,600 Service Revenue 27,600 9,150 4,500 Salaries Expense Property Tax Expense Cash Cash Dividends 9,150 Cash Cash Service Revenue 30 4,500 Aug. 1 13,000 13,000 Oct 2 16,000 Accounts Receivable 16,000 Dec 4,000 Cash 4,000 Dec. 31 Supplies Expense 2,100 Supplies 2,100 31 Rent Expense 9,600 Prepaid Rent 9,600 31 Unearned Revenue 12,500 Service Revenue 12,500
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Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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