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journalise the transaction -11 III View Policies Current Attempt in Progress Wong Computer Corporation had the following opening account balances at the end of April:
journalise the transaction
-11 III View Policies Current Attempt in Progress Wong Computer Corporation had the following opening account balances at the end of April: Cash $5,000; Accounts Receivable $ 6,000: Accounts Payable $2,000: Common Shares $5.000; and Retained Earnings $4,000. It entered into the following transactions during the month of May 1 Purchased equipment on account for $ 8,000 2 Paid $ 1.600 for rent for the month of May. 3 Provided computer services for $ 3.800 on account 4 Paid Ontario Hydro $ 300 cash for utilities used in May. 5 Borrowed $ 20.000 from the bank 6. Paid supplier for equipment purchased in transaction 1 7 Purchased a one-year accident insurance policy for $ 500 cash 8 Received $3,000 cash in partial payment of the account owed in transaction 3. 9 Declared and paid $ 500 of dividends to shareholders. 10 Paid income tax of $ 250 for the month Journalize the transactions (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is G 25C Partly sunnyStep by Step Solution
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