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prepare journal entries ACC 211 - T ACCOUNT DEMONSTRATION PROBLEM October of 2014. Daye Dreamer started a catering business, specializing in wedding receptions, reunions, and
prepare journal entries
ACC 211 - T ACCOUNT DEMONSTRATION PROBLEM October of 2014. Daye Dreamer started a catering business, specializing in wedding receptions, reunions, and other parties. Her business is called DreamEscapes, Inc. The following listed transactions were for the month of October, 2014: Oct. 1 Daye used $10,000 from a personal bank account to purchase stock in DreamEscapes corporation. Oct 3 Purchased $3,200 of equipment on account Oct. 6 Paid for an advertisement in local newspaper, $250. Oct. 10 Paid cash for supplies, $500. Oct 21 Received $1.000 cash from customer for catering a class reunion Oct. 24 Paid $800 on account for equipment purchased in Oct. 3. Oct 26 Provided catering services at a wedding reception, the bride's fathor was billed $2,000. Payment is due in 30 days. Oct. 29 Pald wages of an assistant, $400 Oct. 30 Received 5300 cash from the customer billed on Oct. 26. Oct 31 Daye received a $600 dividend from DreamEscapes corporation. 1. Record the transaction in a journal there will be at least two accounts affected by each transaction debits and credits must always oqual in every transaction do not record anything in the Post Roeronco column of the journal until the amount is transferred to the account Step by Step Solution
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