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Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Note Payable Retained Earnings Salaries
Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Note Payable Retained Earnings Salaries and Wages Expense Supplies $ 695 1,200 1,200 10,000 900 2,200 3.161 3,700 340 Required Prepare journal entries for each of the following January activities, and post results to the relevant T- accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) A. Paid $695 on account for utilities that were used during December Year 1 B. Purchased $433 of supplies for cash C. Signed a rental agreement for office space and paid $3,900 in advance for six months of rent beginning February 1, Year 2 D. Purchased $12,500 of new equipment, signing a promissory note E. Provided $27,000 of services. $19,000 was received in cash and $8,000 was provided on credit. F. Paid workers $5,200 for work done in January
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