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I WANT IT AS A SIMPLE JOURNAL ENTRY otometement of al position LO 6.7.8 P1-2A On August 31, 2017, the statement of financial position of
I WANT IT AS A SIMPLE JOURNAL ENTRY
otometement of al position LO 6.7.8 P1-2A On August 31, 2017, the statement of financial position of Donahue Veterinary Clinic Lid. showed Cash 9,000, Accounts Receivable 1,700, Supplies 600, Equipment 6,000, Accounts Payable 3,600, Share Capital-Ordinary E13,000, and Retained Eam inges 700. During September, the following transactions occurred. Problems: Set A 43 1. Paid 2,900 cash for accounts payable due 2. Collected 1.300 of accounts receivable 3. Purchased additional equipment for 2,100, paying 800 in cash and the balance on account 4. Recognized revenue of 7:300, of which c2 500 is collected in cash and the balance is due in October 5. Declared and paid a 400 cash dividend. 6. Pald salaries 1,700, rent for September 1900, and advertising expense 200. 7 Incurred utilities expense for month on account E170, 8. Received 10.000 from Capital Bank on a 6-month note payable Step by Step Solution
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