Question
journal entry for below transaction Wrote cheque to paid landlord the first month and last month's rent. As per the agreement last month (SAOS pays
journal entry for below transaction
Wrote cheque to paid landlord the first month and last month's rent. As per the agreement last month (SAOS pays rent of $500 per month before the start of each month for the next month to the landlord.The rent included a small supply room for storage and to place the equipment to manufacture their products.).
Famous Sign Company delivered the sign, as per agreement it was paid in cash. (Ordered three signs from Famous Sign Company for the business, one to be placed over the counter that has the price list, a board sign will be placed outside when the store is open for business, the other to be placed on the outside of the building, these signs will be used all year round.Purchase price of all signs $990.00.The signs will last three years before needing replacement.To be paid in full upon Delivery.)
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