After operating for a month, Lochlan Mystrie's business completed the following transactions during the latter part of
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Sep. 22 Performed service for clients on account, $6,000.
30 Received cash on account from clients, $4,500.
30 Received a telephone bill, $150, which will be paid during November.
30 Paid cash for advertising expense of $900.
30 Paid cash for monthly salary to his assistant, $3,900.
Journalize the business transactions. Include an explanation with each journal entry.
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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