On May 1. Al-Hammadi establish Consulting firm; the following transaction were completed during the month. May...
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On May 1. Al-Hammadi establish Consulting firm; the following transaction were completed during the month. May 1 Invested $ 7,000 cash in the business. 2 Paid $ 900 for office rent for the month. 3 Purchased S600 of supplies on account. 5 Paid S125 to advertise in the Country News. 9 Received S4,000 cash for services performed. 12 Withdrew $1,000 cash for personal use 15 Performed $5,400 of services on account 17 Paid $2.500 for employee salaries. 20 Paid S600 for the supplies purchased on account on May 3 23 Received a cash payment of $4,000 for services on account on May 15. performed 29 Purchased equipment for $4,200 on account. 30 Paid $275 for utilities. Requirement: Prepare journal entries to record the above transactions On May 1. Al-Hammadi establish Consulting firm; the following transaction were completed during the month. May 1 Invested $ 7,000 cash in the business. 2 Paid $ 900 for office rent for the month. 3 Purchased S600 of supplies on account. 5 Paid S125 to advertise in the Country News. 9 Received S4,000 cash for services performed. 12 Withdrew $1,000 cash for personal use 15 Performed $5,400 of services on account 17 Paid $2.500 for employee salaries. 20 Paid S600 for the supplies purchased on account on May 3 23 Received a cash payment of $4,000 for services on account on May 15. performed 29 Purchased equipment for $4,200 on account. 30 Paid $275 for utilities. Requirement: Prepare journal entries to record the above transactions
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Solution AL HAMMAADI KURNAL ENTRIES Atcounts Tile FOLK DEDIT CEDIT DATE 1May Cnsh 70XX 7000 Pakt i... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date:
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