Jan 2. AAA issued extra common stock and collected cash $10,000 Jan 5. AAA purchased an equipment on credit ($3,000) Jan 20. AAA pays
Jan 2. AAA issued extra common stock and collected cash $10,000 Jan 5. AAA purchased an equipment on credit ($3,000) Jan 20. AAA pays back $3,000 in cash to the equipment seller Jan 21. AAA borrowed $3,500 from local bank by signing a notes payable Jan 22. AAA purchased supplies $600 by cash Jan 23. AAA paid salaries $3,000 in cash Jan 24. AAA received cash $10,000 and promised to provide catering service on Jan. 31. Journal Entries Date Jan. 2 Jan. 5 Jan. 20 Jan. 21 Jan. 22 Jan. 23 Explanation DR CR
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Step: 1
To record the above transactions in the journal entries we will follow the accounting principle of d...
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Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
