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general jounal entry and ledger -Oct 3: Company B purchases Equipment for $5620 and pays cash. - Oct. 5: Company B provides services for business
general jounal entry and ledger -Oct 3: Company B purchases Equipment for $5620 and pays cash. - Oct. 5: Company B provides services for business customers and bills them for $85,620 3 - Oct. 6: The bookkeeper pays $700 of the Accounts Payable 4. -Oct. 7: Company B is sued by an irate customer and pays a legal firm $1,200 as a retainer (a down payment for future services). 5 - Oct. 11: Mattie receives a bill for \$615 from Duke Power. - Oct. 11: Company B receives $10,000 from accounts reccivable. - Oct. 11: The bookkeeper opens the mail and records receipt of the phone bill for $350. - Oct. 12: The bookkeeper pays the electric bill. 9. - Oct. 14: The Board of Directors meets and decides to pay a dividend of $0.20 per share. 10 - Oct. 17: The lawyer sends a statement showing $800 worth of legal charges. 11 - Oct. 18: The dividend checks are mailed. 12 - Oet. 25: Purchased 5% of the 300,000 shares of common stock of Company C for $2 per share, 13 -Oct, 31: Maddie counts the supplies and realizes there are only $300 of supplies on hand. 14 - Oct. 31: The bookkeeper takes one month's depreciation on the equipment. It has a salvage value of $300 and a life of 3 years. 15 -Oct. 31: Company C reported net income of $244,000 for the year and they declared and paid a $75,000 dividend
general jounal entry and ledger
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