2. Prepare journal entries to record thefirst subsequent cash transaction in 2016 for parts c and e...
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2. Prepare journal entries to record thefirst subsequent cash transaction in 2016 for parts c ande.
This is what I got for the info for the fisrt part of thisquestion which helps with kowing what parts c and e are for thishalf of the question
Transaction | GeneralJournal | Debit | Credit |
a. | Office supplies expense | 14,846 | |
Office supplies | 14,846 | ||
b. | Insurance expense | 11,440 | |
Prepaid insurance | 11,440 | ||
c. | Salaries expense | 3,920 | |
Salaries payable | 3,920 | ||
d. | Depreciation expense—Building | 30,500 | |
Accumulated depreciation—Building | 30,500 | ||
e. | Rent receivable | 3,000 | |
Rent earned | 3,000 | ||
f. | Unearned rent | 5,600 | |
Rent earned | 5,600
|
And this is what I have been able to figure out for the secondhalf but for the life of me I cannot figure it all the wayout
Part A. Record the payment of accrued and currentsalaries.
Part B. Record the receipt of two months rent.
Date | GeneralJournal | Debit | Credit |
Jan 06 | Salaries expense | 5,880 | |
Salaries payable | |||
Jan 15 | 6,000 | ||
Rent earned |
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