1. Please provide general journal entries for each of these transactions in the space provided after...
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1. Please provide general journal entries for each of these transactions in the space provided after the transaction descriptions. a. Purchased equipment on account for $6,000.T b. Sales for the month were $50,000, $40,000 collected in cash and $10,000 in accounts receivable. c. Depreciation expense for the month was $1,000. d. Paid monthly rent for $500 in cash. e. Purchased supplies for $1,200 in cash. f. Month-end inventory shows $100 in supplies left after the first month in business-see (e) above, and adjust the supplies account. g. Employee wages for the month were $3,000, $2,000 paid in cash and- $1,000 wages payable. h. Invested $10,000 cash in a sole proprietorship. i.- Owner withdrew $1,500 from the sole proprietorship for personal living expenses.1 j-- Unearned revenue accourt has a $200 balance at the end of the month. You discover that the services have been performed to earn all $200-adjust the unearned revenue account accordingly. Put general journal entries below on this or the following page: 1. Please provide general journal entries for each of these transactions in the space provided after the transaction descriptions. a. Purchased equipment on account for $6,000.T b. Sales for the month were $50,000, $40,000 collected in cash and $10,000 in accounts receivable. c. Depreciation expense for the month was $1,000. d. Paid monthly rent for $500 in cash. e. Purchased supplies for $1,200 in cash. f. Month-end inventory shows $100 in supplies left after the first month in business-see (e) above, and adjust the supplies account. g. Employee wages for the month were $3,000, $2,000 paid in cash and- $1,000 wages payable. h. Invested $10,000 cash in a sole proprietorship. i.- Owner withdrew $1,500 from the sole proprietorship for personal living expenses.1 j-- Unearned revenue accourt has a $200 balance at the end of the month. You discover that the services have been performed to earn all $200-adjust the unearned revenue account accordingly. Put general journal entries below on this or the following page:
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Database Systems A Practical Approach to Design Implementation and Management
ISBN: 978-0132943260
6th Edition Global
Authors: Thomas Connolly, Carolyn Begg
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