The following selected transactions were completed during February of the current year: 1. Billed customers for fees
Question:
1. Billed customers for fees earned, $41,730.
2. Purchased supplies on account, $1,800.
3. Received cash from customers on account, $39,150.
4. Paid creditors on account, $1,100.
a. Journalize the above transactions in a two-column journal, using the appropriate number to identify the transactions. Journal entry explanations may be omitted.
b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, place the appropriate number to identify the transactions.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: