Question
Compound journal entries. The following transactions took place at the Apollo Employment Agency during November 2016. Record the general journal entries that would be made
Compound journal entries. The following transactions took place at the Apollo Employment Agency during November 2016. Record the general journal entries that would be made for these transactions. Use a compound entry for each transaction.
DATE TRANSACTIONS
Nov. 5 Performed services for Job Search, Inc., for $40,000; received $19,000
in cash and the client promised to pay the
balance in 60 days.
18 Purchased a graphing calculator for $425 and some supplies for $575
from Office Supply; issued Check 1008 for the total.
23 Received Invoice 1602 for $2,100 from Automotive Technicians Repair
for repairs to the firms automobile; issued check 1009 for half the
amount and arranged to pay the other half in 30 days
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