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May 6: Provided services to customers on account, $15,200. Journal Entry Date Accounts Debit Credit May May 9: Purchased $900 of office supplies on account.
May 6: Provided services to customers on account, $15,200. Journal Entry Date Accounts Debit Credit May May 9: Purchased $900 of office supplies on account. Journal Entry Date Accounts Debit Credit May May 13: Provided services to cash customers, $8,100. Journal Entry Date Accounts Debit Credit May May 15: Paid $6,000 of dividends to company stockholders. Journal Entry Date Accounts Debit Credit May x More info May 1 Borrowed $300,000 from Northern Bank. The company president signed a note payable to the bank in the name of Team Up Fabrication, Inc. 3 Paid $110,000 cash to purchase an office building. 6 Provided services to customers on account, $15,200. 9 Purchased $900 of office supplies on account. 13 Provided services to cash customers, $8,100. 15 Paid $6,000 of dividends to company stockholders. 17 Received payment on account from credit customers, $9,200. 18 Paid property tax expense on office building, $1,700. 22 Paid employee salaries, $3,400. 26 Paid cash to purchase supplies, $900. 31 Paid $4,000 on account. Team Up Fabrication, Inc., engaged in the following business transactions during May 2018: (Click the icon to view the transactions.) Requirement 1. Journalize each transaction. No explanations are necessary. (Record debits first, then credits. Exclude explanations from any Journal entries.) May 1: Borrowed $300,000 from Northern Bank. The company president signed a note payable to the bank in the name of Tear Up Fabrication, Inc. Journal Entry Date Accounts Debit Credit May May 3: Paid S110,000 cash to purchase an office building. Journal Entry Date Accounts Debit Credit May May 6: Provided services to customers on account, $15,200
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