Give the journal entry that should be made upon the receipt of each of the following invoices
Question:
Give the journal entry that should be made upon the receipt of each of the following invoices by the South Appliance Company, assuming that no previous entry has been made.
(1) From Western Electric Supply Company, \(\$ 864\), for repair rarts purchased.
(2) From Touch \& Rose, certified public accountants, \(\$ 200\), for services in filing income tax returns.
(3) From the General Electric Company, \(\$ 9,560\), for refrigerators purchased.
(4) From the White Stationery Company, \(\$ 150\), for office supplies purchased.
(5) From the Showy Sign Company, \(\$ 470\), for a neon sign acquired.
(6) From Schutheis and Schutheis, attorneys, \(\$ 750\), for legal services in changing from the corporate to the partnership form of organization.
(7) From the Bell Telephone Company, \(\$ 46\), for telephone service for next month.
(8) From the Madison Avenue Garage, \(\$ 52\), for gasoline and oil used by the delivery truck.
(9) From the Municipal Electric Department, \(\$ 126\), for electricity used for lighting last month.
Step by Step Answer:
Financial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780030452963
2nd Edition
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney