Question
Please identify with account May, 2020 Prepare the following journal entries in proper journal entry form. 1. Billed a customer for a $2,400 job. 2.
Please identify with account
May, 2020 Prepare the following journal entries in proper journal entry form.
1. Billed a customer for a $2,400 job.
2. Received $4,800 to start an eight-month job, beginning next month.
3. Started a company by contributing equipment worth $5,400, land worth $180,000 and cash of $30,000 into a business checking account.
4. Bought supplies on credit for $1,700.
5. Received $800 for a job he just completed
6. Paid $600 for van repairs.
7. Purchased supplies for $700 in cash.
8. Agreed to do a job for a customer for $700.
9. Received an invoice for a gas bill, $250..
10. Withdrew $4,600 and deposited it into a personal checking account.
11. Purchased another van for $15,000 cash; and a computer for $2,000 on account.
12. Contributed $3,000 of personal funds to the companys cash account.
13. Purchased land worth $18,000,000. Paid $2,700,000 in cash and signed a note payable for the remainder.
14. Paid $9,600 for 3 months rent.
15. Completed a job and billed the client $700.
16. Paid $500 regarding transaction in number 4, above.
17. Paid his assistant $500 for this weeks salary.
18. Paid his assistant for a months work.
19. Paid cash to creditors on account, $100.
20. The first month of the job in number 2 above has passed.
21. One month has passed since transaction number 14 above.
22. Customer paid $5,000 on a $9,000 job just completed.
23. Received payment for the job in number 1, above.
24. Received $13,000 from a customer for a job previously completed.
25. Depreciation on the building for the month was $100,000
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