JOURNALIZING TRANSACTIONS Monilast Chemicals engaged in the following transactions during December 2009: Dec. 2 Prepaid rent on
Question:
JOURNALIZING TRANSACTIONS Monilast Chemicals engaged in the following transactions during December 2009:
Dec. 2 Prepaid rent on office furniture for six months, $9,000 3 Borrowed $25,000 on a nine-month, 12 percent note 7 Provided services on credit, $35,000 10 Purchased supplies on credit, $12,000 13 Collected accounts receivable, $29,000 19 Sold common stock, $40,000 22 Paid employee wages for December, $8,000 23 Paid accounts payable, $10,000 25 Provided services for cash, $11,000 30 Paid utility bills for December, $2,000 Required:
Prepare a journal entry for each transaction.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
Question Posted: