Prepare journal entries 2 Received $4000 commission for the sale of property, Contract 79. Paid $1700...

 

Transcribed Image Text:

Prepare journal entries 2 Received $4000 commission for the sale of property, Contract 79. Paid $1700 for the month's rent for the office, Cheque 631. 3 Received a bill for Tom's Service Centre for $295 for gas, oil, and repairs to the company automobile. Invoice 241 is to be paid on May 15. 4 Received $5000 commission for the sale of property, Contract 80. Received a bill for $450 for printing letterhead, envelopes, and sales contact forms from Wilson's Stationery. Invoice 1469 is to be paid on May 15. Paid $350 for a new filing cabinet for the office, Cheque 632. 6 Received $8000 commission for the sale of property, Contract 81. Paid office salaries, $900, Cheque 633. Paid $690 to the Spectator for newspaper advertising, Cheque 634. Received a $300 fee for renting a home, client's Cheque 102. 12 13 L. Berrigan, the owner, withdrew $1000 for personal use, Cheque 635. 14 Received commissions totaling $ 15,500 from the sale of properties, Contracts 82, 83, and 84. Paid Bell Canada $175 for the telephone bill, Cheque 636. Paid Tom's Service Centre for the invoice of May 3, Cheque 637. Paid Wilson's Stationery for the invoice of May 5, Cheque 638. Paid $350 for the hydro bill, Cheque 639. Donated $100 to charity, Cheque 640. Received $400 in dividends from investments owned. Purchased $5000 worth of Government of Canada bonds, Cheque 641. Paid $5000 to Dell Computers for a new computer system, Cheque May 642. 8 14 15 15 15 15 15 15 15 15 Paid office salaries, $900, Cheque 643. 15 Paid $5000 in commissions to Berrigan Enterprises' sales people, Cheques 643 to 647. Prepare journal entries 2 Received $4000 commission for the sale of property, Contract 79. Paid $1700 for the month's rent for the office, Cheque 631. 3 Received a bill for Tom's Service Centre for $295 for gas, oil, and repairs to the company automobile. Invoice 241 is to be paid on May 15. 4 Received $5000 commission for the sale of property, Contract 80. Received a bill for $450 for printing letterhead, envelopes, and sales contact forms from Wilson's Stationery. Invoice 1469 is to be paid on May 15. Paid $350 for a new filing cabinet for the office, Cheque 632. 6 Received $8000 commission for the sale of property, Contract 81. Paid office salaries, $900, Cheque 633. Paid $690 to the Spectator for newspaper advertising, Cheque 634. Received a $300 fee for renting a home, client's Cheque 102. 12 13 L. Berrigan, the owner, withdrew $1000 for personal use, Cheque 635. 14 Received commissions totaling $ 15,500 from the sale of properties, Contracts 82, 83, and 84. Paid Bell Canada $175 for the telephone bill, Cheque 636. Paid Tom's Service Centre for the invoice of May 3, Cheque 637. Paid Wilson's Stationery for the invoice of May 5, Cheque 638. Paid $350 for the hydro bill, Cheque 639. Donated $100 to charity, Cheque 640. Received $400 in dividends from investments owned. Purchased $5000 worth of Government of Canada bonds, Cheque 641. Paid $5000 to Dell Computers for a new computer system, Cheque May 642. 8 14 15 15 15 15 15 15 15 15 Paid office salaries, $900, Cheque 643. 15 Paid $5000 in commissions to Berrigan Enterprises' sales people, Cheques 643 to 647.

Answer rating: 100% (QA)

Journal entries May 2 Debit Commission Earned Contract 79 4000 Credit Accounts Receivable Contract 7... View the full answer