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Prepare journal entries for each of the following 3 transactions by filling in the highlighted cells (2 points each for a total of 6 points).
Prepare journal entries for each of the following 3 transactions by filling in the highlighted cells (2 points each for a total of 6 points). 1. On January 1, 2015, Danah Corporation performed services for a client and received the following amount in cash: 4,995 Cash 4,995 Revenue 4995 2. On January 11, 2015, Danah Corporation paid off a short-term liability of the following amount: 9,990 Accounts Payable 9990 Cash 9990 3. On January 15, 2015, Danah Corporation paid employees' salaries for work completed from January 1, 2015 through January 15, 2015 in the amount below: 11,988 Salaries Expense 11,998 Cash 11,998
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