Prepare journal entries Purchased furniture for $6,000 cash, useful life is 5 years and to be amortized

Prepare journal entries
 

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Purchased furniture for $6,000 cash, useful life is 5 years and to be amortized monthly Paid cash for September's office rent of $5,000 cash Purchased a truck for $24,000 cash. Useful life is 4 years and to be amortized monthly Purchased office supplies for $500 on account Paid for the annual insurance for the car for $2,400 starting from Sep 3 Performed service for clients on account for $12,000 Received $5,500 cash for the 50% service to be provided in September and rest in October Paid $2,500 for the advertising Received cash on account from client for Sep 5th Paid $5,000 for salaries, $320 for utilities and $250 for meals & entertainment expenses Performed a physical count of supplies and found supplies of $150 Lisa withdrew $5,000 from Apex account for paying her contractor to remodel her house Purchased furniture for $6,000 cash, useful life is 5 years and to be amortized monthly Paid cash for September's office rent of $5,000 cash Purchased a truck for $24,000 cash. Useful life is 4 years and to be amortized monthly Purchased office supplies for $500 on account Paid for the annual insurance for the car for $2,400 starting from Sep 3 Performed service for clients on account for $12,000 Received $5,500 cash for the 50% service to be provided in September and rest in October Paid $2,500 for the advertising Received cash on account from client for Sep 5th Paid $5,000 for salaries, $320 for utilities and $250 for meals & entertainment expenses Performed a physical count of supplies and found supplies of $150 Lisa withdrew $5,000 from Apex account for paying her contractor to remodel her house

Answer rating: 100% (QA)

Lets prepare the journal entries for each transaction 1 Purchased furniture for 6000 cash Furniture ... View the full answer