Solve the followings January Business Transactions A B Central Perk Purchases (expensive) new Coffee Machine Equipment with

Solve the followings
 

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January Business Transactions A B Central Perk Purchases (expensive) new Coffee Machine Equipment with a useful life of 24 months on account. C 1-Jan 1-Jan Central Perk Coffee prepays rent for the next 12 months. $ $ 60,000 24,000 30,000 1-Jan Central Perk Coffee recevies a cash deposit from a local business that is paying for corporate coffee services to be provided in the future. $ D $ 1,000 31-Jan Four (4) full time employees are each paid the following amount. E 31-Jan Paid dividend to stockholders. $ 2,500 1. Measure-Record the January "During the Month" business transactions for Jon Snow Corp. using journal entries. (5 Points) (Estimated time = 10 Minutes) January Business Transactions A B Central Perk Purchases (expensive) new Coffee Machine Equipment with a useful life of 24 months on account. C 1-Jan 1-Jan Central Perk Coffee prepays rent for the next 12 months. $ $ 60,000 24,000 30,000 1-Jan Central Perk Coffee recevies a cash deposit from a local business that is paying for corporate coffee services to be provided in the future. $ D $ 1,000 31-Jan Four (4) full time employees are each paid the following amount. E 31-Jan Paid dividend to stockholders. $ 2,500 1. Measure-Record the January "During the Month" business transactions for Jon Snow Corp. using journal entries. (5 Points) (Estimated time = 10 Minutes)

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ANSWE R Journal Entries A Coffee Machine Equipment ACDr 60000 Accounts Payable ACCr 60000 B Prepaid Rent ACDr 24000 Cash ACCr 24000 C Cash ACDr 30000 Unearned Revenue ACCr 30000 D Salaries Expense ACD... View the full answer