Question: i need help idk if im correct July 31 (d): Paid cash dividends of $7,500. Accounts Payable Accounts Receivable Advertising Expense Advertising Payable Cash Common





i need help idk if im correct
July 31 (d): Paid cash dividends of $7,500. Accounts Payable Accounts Receivable Advertising Expense Advertising Payable Cash Common Stock Dividends Land Notes Payable Office Supplies Rent Expense Salaries Expense Service Revenue Unearned Revenue Utilities Expense Requirement 2. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each ccount Bal. (Identifv the Julv 31 transactions as "a" - 'd" as thev are labeled in the iournal entrv tables.) Requirement 1. Journalize each transaction. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) July 1: Yasmin contributed $62,000 cash to the business in exchange for common stock. July 5: Paid monthly rent on medical equipment, $630. Jul July 19: Borrowed $32,000 from the bank for business use
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
