Question: A) GENERAL JOURNAL: 1. Record the entry to pay $746 on account for Decembers utilities 2. Record the entry for $518 of supplies bought for

A) GENERAL JOURNAL: 1. Record the entry to pay $746 on accountA) GENERAL JOURNAL:

1. Record the entry to pay $746 on account for Decembers utilities

2. Record the entry for $518 of supplies bought for cash

3. Record the entry for $7300 paid towards office rent in space to be used for next 6 months beginning February 1st

4. Record the entry to purchase new equipment for $21000, signing a promissory note

5. Record the entry for services provided for $35000. $17000 was received in cash and $18500 was provided on credit

6. Record the entry for payment made to workers $8600 for work done in January

for Decembers utilities 2. Record the entry for $518 of supplies bought

Geo Inc. had the following account balances on January 1, Year 2: 10 Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies $ 746 2,900 2,900 25,000 4,300 5,600 5,286 5,400 2,380 A. Paid $746 on account for utilities that were used during December Year 1. B. Purchased $518 of supplies for cash. C. Signed a rental agreement for office space and paid $7,300 in advance for six months of rent beginning February 1, Year 2. D. Purchased $21,000 of new equipment, signing a promissory note. E. Provided $35,500 of services. $17,000 was received in cash and $18,500 was provided on credit. F. Paid workers $8,600 for work done in January. Required: Prepare journal entries for each of the following January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Complete this question by entering your answers in the tabs below. 10 General Journal T Accounts Post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning balances have been entered. Cash Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Supplies Prepaid Rent Beg. Bal. Beg. Bal. End. Bal. End. Equipment Accounts Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Notes Payable Common Stock Beg. Bal. Beg. Bal. End. Bal. End. Bal. Retained Earnings Service Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries and Wages Expense Beg. Bal. End. Bal.

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