Mirabel has been operating her business - Mirabel Consulting - for the last 3 years. For...
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Mirabel has been operating her business - Mirabel Consulting - for the last 3 years. For the first week of the current year, the business completed the following three transactions: January 1: Paid $2,400 cash for a six-month insurance covering the period from January 1 to June 30th of the current year. January 3: Purchased office supplies worth $800 by paying $260 cash and the rest on credit. Payment is due within 30 days. January 5: Provided consulting services to a customer. The customer paid $1,000 cash and promised to pay the remaining balance of $1,750 within 15 days. REQUIRED: Prepared general journal entries for the above three transactions (6 points) Mirabel has been operating her business - Mirabel Consulting - for the last 3 years. For the first week of the current year, the business completed the following three transactions: January 1: Paid $2,400 cash for a six-month insurance covering the period from January 1 to June 30th of the current year. January 3: Purchased office supplies worth $800 by paying $260 cash and the rest on credit. Payment is due within 30 days. January 5: Provided consulting services to a customer. The customer paid $1,000 cash and promised to pay the remaining balance of $1,750 within 15 days. REQUIRED: Prepared general journal entries for the above three transactions (6 points)
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Prepare general journal entries as follows 1 January 1 Paid 2400 cash for a sixmonth insurance cover... View the full answer
Related Book For
Fundamentals Of Human Resource Management
ISBN: 9781119032748
12th Edition
Authors: David A DeCenzo, Stephen P Robbins, Susan L Verhulst
Posted Date:
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