Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help turning this into a journal entry AutoSave Dark Skies Nowata, LLC QB - transaction list (Fall 20) - Excel e Search Issy Hd
need help turning this into a journal entry
AutoSave Dark Skies Nowata, LLC QB - transaction list (Fall 20) - Excel e Search Issy Hd File Home Insert Draw Page Layout Formulas Data Review View Help X D 25 2.48 General Arial 10 AA E BIUDA Insert Delete Format $ %28-3 Conditional Format as Coll Formatting Table Styles Styles Sort & Fin Filter Sele Clipboard 15 Font Alignment Number Cells Editing H8 f B H 1 2 Date Check/Inv D F Dark Skies Nowata, LLC - July 2021 Daily Transactions Payee/Vendor Customer Amount Description Purchased $52,000 of office equipoment from Blvd Home: Paid $12.000 down. The remaining balance owed to Blvd Home should be recognized as a two year note payable with an annual interest rate of 6%. Monthly, interest only payments, are required to be made for the first year. The equipment will be depreciated on a straight line basis over 5 years and has a salvage value of $4,000. (Round depreciation to nearest 1/2 of Blvd Home $12,000.00 month) Dove Center $35.00 Made a charitable donation Diode Office Supplies $2,500.00 Purchase six months of office supplies on account Milky Way Hikers $3,500.00 Billed for services performed Wells Fargo $60.00 Purchased checks 15 3 4 5 6 7 107 108 D951 7DSN2 109 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started