Today is 3 February 20XX. You are using the accrual method of accounting. You have received an invoice from Halco Industries in the amount of $565 for work performed on Project 101. You also mailed an invoice to Ajax International for payment of work performed by your company in the amount of $6,238 on Project 101. On 10 February you send a check to Halco to cover their billing and receive a check from Ajax on 12 February in the amount of your billing to them. Make the proper journal entries on a sheet captioned as in Table P4.1.

 

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TABLE P4.1 Company Journal Transaction# Date Description Debit Credit TABLE P4.1 Company Journal Transaction# Date Description Debit Credit

Answer rating: 100% (QA)

Date Description Debit Credit 1 Feb03 Project 101 Ac Expense 56500 Accounts ... View the full answer