Prepare journal entries for the transactions incurred during September of 2016. DATE TRANSACTIONS 2016 Sept. 1 Jewell
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Prepare journal entries for the transactions incurred during September of 2016.
DATE | TRANSACTIONS | ||
2016 | |||
Sept. | 1 | Jewell Tucker invested $57,000 in cash to start the firm. | |
4 | Purchased office equipment for $6,200 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. | ||
16 | Purchased an automobile that will be used to visit clients; issued Check 1001 for $14,200 in full payment. | ||
20 | Purchased supplies for $490; paid immediately with Check 1002. | ||
23 | Returned damaged supplies for a cash refund of $155. | ||
30 | Issued Check 1003 for $3,900 to Den, Inc., as payment on account for Invoice 9823. | ||
30 | Withdrew $2,700 in cash for personal expenses. | ||
30 | Issued Check 1004 for $1,550 to pay the rent for October. | ||
30 | Performed services for $2,600 in cash. | ||
30 | Paid $420 for monthly telephone bill, Check 1005. |
This is to create a general journal.
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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