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II. Using the following information make appropriate journal entries in good form. (40 Points) 1. Office Rent for the month of June was paid, $800.
II. Using the following information make appropriate journal entries in good form. (40 Points) 1. Office Rent for the month of June was paid, $800. 2. Purchased Office Equipment on account, $4,000. Also from the same supplier purchased office supplies for $500 on account. 3. Paid supplier on transaction number 2, above, in full. The payment was made in cash. 4. Billed customers on account for services performed, $7,000. 5. Received $3,000 as partial payment from customer in transaction Number 4, above. 6. Paid $12,000 in advance representing Rent for two years. 7. Paid secretaries salaries amounting to $600. 8. Wrote a check for personal expenses, $2,000. 9. Owner invested and contributed $10,000 cash to the business. 10. Received $9,500 in advance for services to be performed in the future
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