Question
Please make a general journal entry for the questions below. 1. Received cash payment of $14,000 for outstanding accounts receivables on December 3rd. 2. Provided
Please make a general journal entry for the questions below.
1. Received cash payment of $14,000 for outstanding accounts receivables on December 3rd.
2. Provided services for cash of $12,000 on December 3rd.
3. Received bill and paid utilities of $900 on December 11th.
4. Paid employee salaries of $8,700 on December 11th.
5. Declared and paid dividends to stockholders of $500 on December 11th.
6. Collected $14,000 from customers on December 15th.
7. Sold land with cost of $100,000 for $106,000 cash on December 15th.
8. Paid $18,000 for a three-year insurance policy on December 15th with coverage beginning on 12/15/19.
9. Paid $1,000 on December 20th related to legal fees incurred on December 15th.
10. Paid $900 for miscelaneous supplies on December 20th. Supplies are expensed upon purchase.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started