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Create a general journel entry using the following information: During January 2018, the following transactions occur: January 2 Purchase rental space for one year in
Create a general journel entry using the following information:
During January 2018, the following transactions occur:
January | 2 | Purchase rental space for one year in advance, $6,600 ($550/month). | |
January | 9 | Purchase additional supplies on account, $3,700. | |
January | 13 | Provide services to customers on account, $25,700. | |
January | 17 | Receive cash in advance from customers for services to be provided in the future, $3,900. | |
January | 20 | Pay cash for salaries, $11,700. | |
January | 22 | Receive cash on accounts receivable, $24,300. | |
January | 29 | Pay cash on accounts payable, $4,200. |
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