JOURNALIZING TRANSACTIONS Monilast Chemicals engaged in the following transactions during December 2009: Dec. 2 Prepaid rent on

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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.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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