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Oct 12, Research, Inc. purchased $100,000 of office supplies on credit. The supplies are expected to last one year. Date Accounts Debit Credit Problem
Oct 12, Research, Inc. purchased $100,000 of office supplies on credit. The supplies are expected to last one year. Date Accounts Debit Credit Problem #28 Sept 18, Blue Company purchased $5,000 of supplies on credit. Today is Oct 10th and Blue Company uses cash to pay the $5,000 due on the supplies (Record JE for Oct 10th only). Date Accounts Debit Credit Cash 25,000 Accounts Payable 5,000 Problem #30 May 2, Truly Delicious Catering, Inc. performed a catering job and billed the customer for $240,000 for the amount due on the job. Today is June 3, and Truly Delicious received the total amount due from the customer (Record JE for June 3 only). Date Accounts Debit Credit Problem #31 April 13, Taxes, Inc. completed a tax return for a customer, and billed the customer $1,200 for the completed tax return. Today is May 10, and Taxes, Inc. received the total amount due from the customer. Prepare the JE for May 10th only. Debit Date Accounts Credit
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