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ABC Co. had the following transactions during the month of January. For each of the transactions, prepare journal entries. A. Paid $5,000 cash for cat
ABC Co. had the following transactions during the month of January. For each of the transactions, prepare journal entries. A. Paid $5,000 cash for cat litter, of which $600 was used during January, and $4,400 will be used during February through April. Your Answer: Account Debit Credit B. Paid $4,480 for wages and salaries, one-half of which employees had eamed in December and one-half of which related to January Your Answer: Account Debit Credit C. Paid $480 advance for February utilities. Your Answer: Account Debit Credit Credit
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