Janine Jackson operates Janines Office Supply Co. As the bookkeeper, you have been requested to journalize the
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Janine Jackson operates Janine’s Office Supply Co. As the bookkeeper, you have been requested to journalize the following transactions:
The chart of accounts for Janine’s Office Supply Company is as follows:
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202X Aug. 1 6 12 14 20 21 25 28 29 30 Paid 2 months' rent in advance, $5,000. Purchased office supply equipment on account from Houton's Supply House, $10,000. Purchased office supplies from Lancaster's Wholesale for $800 cash. Received $1,300 cash from office supplies sold. Janine withdrew $150 for personal use. Advertising bill received from Sullivan News but unpaid, $500. Paid electrical expense, $120. Paid salaries expense, $500. Sold office supplies for $2,600, but payment will not be received until October. Paid Houton's Supply House half the amount owed from August 6 transaction.
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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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