1) Prepare the journal entry(ies) for the following transactions: May 2, 2019: Main Street Enterprises purchased...

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1) Prepare the journal entry(ies) for the following transactions: May 2, 2019: Main Street Enterprises purchased office supplies, for $2,000, on account. June 2, 2019: Main Street paid for the supplies. 2) Prepare the necessary journal entry(ies) for the following transactions: Feb 10, 2019: Jones Consulting performed services for clients. These clients were billed $2,500. March 8, 2019: Jones received full payment from these clients. 3) Prepare the journal entry for the following transaction: On June 12, the business paid $4,500 for the following expenses: employee salary, $3,000; utilities, $1,000, and repairs, $500. 1) Prepare the journal entry(ies) for the following transactions: May 2, 2019: Main Street Enterprises purchased office supplies, for $2,000, on account. June 2, 2019: Main Street paid for the supplies. 2) Prepare the necessary journal entry(ies) for the following transactions: Feb 10, 2019: Jones Consulting performed services for clients. These clients were billed $2,500. March 8, 2019: Jones received full payment from these clients. 3) Prepare the journal entry for the following transaction: On June 12, the business paid $4,500 for the following expenses: employee salary, $3,000; utilities, $1,000, and repairs, $500.

Answer rating: 100% (QA)

Answer Solution Date Particular Debit Credit May 22... View the full answer