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Gilbert Goh is the owner of GG Associates, a firm providing accounting and secretarial services. Following accounts are maintained in the general ledger of GG
Gilbert Goh is the owner of GG Associates, a firm providing accounting and secretarial services. Following accounts are maintained in the general ledger of GG Associates- Accounts payable Accounts receivable Capital Cash Office supplies Office rent expense Salaries expense Service revenue earned Unearned service revenue The following transactions and events occurred during the month of January 2016: $ 1 Gilbert Goh introduced in cash as capital 20000 2 Hired a secretary at a salary payable at the end of each month 1900 15 Purchased office supplies on account (credit) 2000 17 Billed Chris Chan, a client for secretarial services provided 2100 18 Received as advance from a client for services to be provided in March 3000 25 Received on account from Chris Chan 1000 26 Paid half the amount due for purchase of supplies on 15 January 31 Paid office salaries to the secretary 1900 31 Paid office rent for the month of January 1500 Required: Prepare the general journal entries to record the transactions that occurred during January 2016. Include narrations. Ignore GST. January Gilbert Goh is the owner of GG Associates, a firm providing accounting and secretarial services. Following accounts are maintained in the general ledger of GG Associates- Accounts payable Accounts receivable Capital Cash Office supplies Office rent expense Salaries expense Service revenue earned Unearned service revenue The following transactions and events occurred during the month of January 2016: $ 1 Gilbert Goh introduced in cash as capital 20000 2 Hired a secretary at a salary payable at the end of each month 1900 15 Purchased office supplies on account (credit) 2000 17 Billed Chris Chan, a client for secretarial services provided 2100 18 Received as advance from a client for services to be provided in March 3000 25 Received on account from Chris Chan 1000 26 Paid half the amount due for purchase of supplies on 15 January 31 Paid office salaries to the secretary 1900 31 Paid office rent for the month of January 1500 Required: Prepare the general journal entries to record the transactions that occurred during January 2016. Include narrations. Ignore GST. January
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