Prepare general journal entries in the text field below or in a workpaper of your choosing (you
Question:
Prepare general journal entries in the text field below or in a workpaper of your choosing (you may copy and paste, etc) to record the following transactions. Omit the explanations after each entry.
Mar. 1 J. Lynch invested in a neighborhood movie house. Land, $100,000; building, $400,000; and equipment, $50,000; totaling $550,000.
2 Rental expense for the movies shown for the month, $6,000 on account.
5 Ticket sales for the month, $22,000 cash.
8 Wages paid for the month, $11,000.
12 Purchased a new popcorn machine, $3,300 on account.
17 Paid monthly fee to maintenance company, $2,700.
23 Rented the theater to an organization for a night. Billed them $2,300.
30 Paid $600 on the amount owed for the new popcorn machine.
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta