Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

February 10 February 13 February 19 February 21 February 26 February 28 Submit All Parts Gabe Zee Company had the following chart of accounts: Cash,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
February 10 February 13 February 19 February 21 February 26 February 28 Submit All Parts Gabe Zee Company had the following chart of accounts: Cash, A/R, Supplies, Prepaid Rent, Land, Equipment, Machinery, A/P, Notes Payable, Unearned Revenue, Wages Payable, Gabe Zee, Capital; Gabe Zee Drawing; Service Revenue, Insurance Expense, Rent Expense, Wages Expense, Utilities Expense, Misc, Expense. Record the following transactions from February into a Journal for the Gabe Zee Company February 1 4 10 13 15 Paid employees $125,000 for services performed in January 19 21 Received $632.000 on account. 26 27 28 Purchased machinery for $44,000 on account Received $11,600 in cash from customers for subscriptions that will not begin until the following month. Signed a note from Midwest Bank for $67,500 Performed work for customers for $771,000 Purchased land for cash, $58,000 Received \$632.000 on account. G. Zee took money for personat use $3.800 Paid \$339,000 towards machinery purchase of February 1 Paid this month's rent, $49,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance & Advisory Services

Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel

4th Edition

0894139878, 978-0894139871

More Books

Students also viewed these Accounting questions