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D Question 1 35 pts Create all the journal entries with proper documentation including dates. Explanation not needed, Company buys building for $450,000 with
D Question 1 35 pts Create all the journal entries with proper documentation including dates. Explanation not needed, Company buys building for $450,000 with down payment of 30% and a loan for the rest. Company gives advances to cleaning service for work to be done next month $12,000. The company performs services for a customer worth $7,600 and the customer pays $4,500 in cash. Company pays for this month's and next month's rent $15,000. Company pays for insurance coverage starting next month of $1,250. 1-Jan a b 5-Jan C 10-Jan d 15-Jan e 18-Jan 21-Jan 24-Jan h 27-Jan 30-Jan Company signs agreement for a line of credit (loan) of $300,000. 30-Jan Company purchases employee memberships to golf club for next year for cash of $50,000. An employee earns wages per week of $1,550. The number of employees who have worked one week and not been paid is 3. Company pays for advertising that was billed and published last month in magazine of $3,600. Company takes out a loan of $200,000. Sample answer table Reference/Date Account Debit Credit
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