Sage Hill Legal Services had the following transactions: 1. 2. 3. 4. 5. 6. Cash is...
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Sage Hill Legal Services had the following transactions: 1. 2. 3. 4. 5. 6. Cash is paid for the purchase of $420 of office supplies. Customer is billed $1,960 for services provided that day. Equipment with a cost of $2,000 is purchased on account. The current month's utility bill of $220 is paid in cash. Cash of $420 is received for services provided that day. Cash of $6,990 is received for services to be provided in the next month. Prepare journal entries for Sage Hill Legal Services using the transactions above. Assume all of the transactions occurred on August 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Sage Hill Legal Services had the following transactions: 1. 2. 3. 4. 5. 6. Cash is paid for the purchase of $420 of office supplies. Customer is billed $1,960 for services provided that day. Equipment with a cost of $2,000 is purchased on account. The current month's utility bill of $220 is paid in cash. Cash of $420 is received for services provided that day. Cash of $6,990 is received for services to be provided in the next month. Prepare journal entries for Sage Hill Legal Services using the transactions above. Assume all of the transactions occurred on August 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)
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Based on the given transactions the journal entries for Sage Hi... View the full answer
Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
Posted Date:
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