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Louis Donnelly operates a chimney repair business. During the month of March, the first month of operations, the firm had the following transactions. March 4
Louis Donnelly operates a chimney repair business. During the month of March, the first month of operations, the firm had the following transactions. March 4 Paid $750 for newspaper advertisement. s Performed $2,000 of services, received immediate payment of $1,200 and customer agreed to pay the balance in 30 days. 7 Purchased Supplies for $200 on account. 8 Paid $200 on account for supplies purchased the previous day. 9 Paid $3,000 for the next 6 months of insurance. Prepare journal entries to record the above transactions Journal entry worksheet Paid $750 for newspaper advertisement. Note: Enter debits before credits. Debit General Journal Date Credit March 04 View general Journal Clear entry Record entry Journal entry worksheet Purchased Supplies for $200 on account. Note: Enter debits before credits. General Journal Debit Credit Date March 07 Record entry Clear entry View general journal Journal entry worksheet Paid $200 on account for supplies purchased the previous day. Note: Enter debits before credits. Debit General Journal Date Credit March 08 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 5 Paid $3,000 for April insurance. Note: Enter debits before credits. Debit Credit Date General Journal March 09 View general journal Clear entry Record entry
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