Prepare journal entries of following events and correctly arrange the journal entries. Journal entries: 12/6 Sales of
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Prepare journal entries of following events and correctly arrange the journal entries.
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Journal entries: 12/6 Sales of 10 trees for $1,400--- cash and carry Paid insurance bill for one year policy effective 12/1 for $1,200***** 12/10 Received $4,000 for work to be done over approximately four months Sales of $10,000, $6,000 in cash, rest on account Sale on account of 12/5 pays $500 12/11 Paid full amount due on AP of 12/5 ***** will need adjusting entry Paid wages of $8,200, includes tax payment-wages done by ADP Sales of 75 trees @ 250 each, 25 yards mulch @ $50 each, $20,000, paid in cash Purchase 1500 yards of mulch for $30,000 on account 12/15 Sales of 11 bushes for $1,100, paid in cash Fuel expense of $1,300 Purchased office supplies for $125 on account 12/18 Sales of $9,000, $5,000 in cash, rest on account Paid for newspaper ad - $800 Rented equipment - $150 12/22 Sales of $14,000, $4,000 in cash, rest on account Paid for repair of truck - $450 Installation revenue collected - $2,500 12/23 Sales of $14,000, on account Purchased 1000 bushes for $30,000 on account Fuel expense paid of $2,100 Paid phone bill of $200 Bank fees of $320 12/26 Sales of 10 yards of mulch for $500, paid in cash Paid $300 principle payment and $50 interest on Long term note due 12/31 Repaired Building front door - $1,000 on account Sales of $29,000, on account 12/27 Paid wages of $7,450, includes tax payment-wages done by ADP Paid November sales tax of $6,200 Installation revenue paid - $2,500 Journal entries: 12/6 Sales of 10 trees for $1,400--- cash and carry Paid insurance bill for one year policy effective 12/1 for $1,200***** 12/10 Received $4,000 for work to be done over approximately four months Sales of $10,000, $6,000 in cash, rest on account Sale on account of 12/5 pays $500 12/11 Paid full amount due on AP of 12/5 ***** will need adjusting entry Paid wages of $8,200, includes tax payment-wages done by ADP Sales of 75 trees @ 250 each, 25 yards mulch @ $50 each, $20,000, paid in cash Purchase 1500 yards of mulch for $30,000 on account 12/15 Sales of 11 bushes for $1,100, paid in cash Fuel expense of $1,300 Purchased office supplies for $125 on account 12/18 Sales of $9,000, $5,000 in cash, rest on account Paid for newspaper ad - $800 Rented equipment - $150 12/22 Sales of $14,000, $4,000 in cash, rest on account Paid for repair of truck - $450 Installation revenue collected - $2,500 12/23 Sales of $14,000, on account Purchased 1000 bushes for $30,000 on account Fuel expense paid of $2,100 Paid phone bill of $200 Bank fees of $320 12/26 Sales of 10 yards of mulch for $500, paid in cash Paid $300 principle payment and $50 interest on Long term note due 12/31 Repaired Building front door - $1,000 on account Sales of $29,000, on account 12/27 Paid wages of $7,450, includes tax payment-wages done by ADP Paid November sales tax of $6,200 Installation revenue paid - $2,500
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Journal DATE ACCOUNTS AND EXPLANATIONS POST DEBIT CREDI... View the full answer
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
Posted Date:
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