Question
Myra Sharma owns and operates a yoga studio, Green Yoga. Examine the following transactions and identify those that created expenses for Green Yoga. a.
Myra Sharma owns and operates a yoga studio, Green Yoga. Examine the following transactions and identify those that created expenses for Green Yoga. a. Paid $14,100 cash for office supplies purchased 30 days previously. b. Paid the $1,125 salary of the receptionist. c. Paid $45,000 cash for yoga studio equipment. d. Paid utility bill with $930 cash. e. Withdrew $5,000 from the business account for personal use. Prepare general journal entries to record only those transactions, which create expenses for Green Yoga. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Record payment of cash for office supplies purchased 30 days previously. Note: Enter debits before credits. Transaction General Journal Debit Credit
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