Question
B 1 During the priod a company had the following transactions 2 3 Date 4 1/1/Y1 5 6 1/2/Y1 7 8 1/2/Y1-1/31/Y1 9 10 11
B 1 During the priod a company had the following transactions 2 3 Date 4 1/1/Y1 5 6 1/2/Y1 7 8 1/2/Y1-1/31/Y1 9 10 11 1/5/Y1 12 13 1/2/Y1-1/31/Y1 14 15 1/6/Y1 16 17 1/18/20Y1 18 19 1/31/20Y1 20 21 1/31/Y1 Received $100,000 in exchange for common stock Purchased land for $25,000 of cash FL G The company paid their employees $15,000 in cash H During the month on several dates the company earned service revenue totaling 60,000 $40,000 was collected in cash and the remaining $20,000 was in exchange for a Note receivable The company purchased $1,000 in inventory for cash During the month the company sold $300 of the inventory for $800 in cash. A perpetual system i + The company paid $250 in advertising expense on account that it will pay next month. The company received $12,000 in cash for services to be performed in the future J The company accrued interest revenue of $200 for the Note receivable.
I need help journilizing those entries because I need to make the adjusted trial balance for the end of the month. I need to know what to credit or debit
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