Workfit posted transactions (a through f ) in the following T-accounts in December, its first month of
Question:
Workfit posted transactions (a through f ) in the following T-accounts in December, its first month of operations. Prepare the six journal entries from which the postings were made.
Use the T-accounts in Exercise 2-19 from Workfit’s first month of operations to prepare its December 31 trial balance.
Cash Supplies Accounts Payable a. 6,000 с. 5,000 f. 1,000 b. 2,000 d. 1,500 b. 2,000 d. 1,500 e. 3,000 f. 1,000 Common Stock Services Revenue Rent Expense a. 6,000 с. 5,000 е. 3,000
Step by Step Answer:
ANSWER Journal Entries Entry Debit Credit 1 Cash a 6000 Common St...View the full answer
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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