Question
1. Provide general journal entries for each of these transactions in the space following the problem. Use typical general journal formatdebits first, appended to the
1. Provide general journal entries for each of these transactions in the space following the problem. Use typical general journal formatdebits first, appended to the left margin, credits indented (both accounts and amounts).
a. Depreciation expense for the month is $8,000.
b. Sales for the month, all collected in cash, are $15,000.
c. Purchased supplies of $400 for the supplies inventory, paid cash
d. A month-end inventory of supplies shows $60 of the previous purchase left unused.
e. Sole proprietorship received $10,000 cash from its owner, Ferd Berful.
f. Ferd withdrew $500 from his sole proprietorship for living expenses.
g. Received $500 cash as an advance payment for services to be provided in the future.
h. The unearned revenue account has a balance of $9,000your month-end analysis shows that all of this amount has now been earned.
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