Question
Prepare journal entries for the following month. (What debit/credit and what account?) August 1. Mindy invested $25,000 in cash and $3,500 worth of cleaning equipment.
Prepare journal entries for the following month.
(What debit/credit and what account?)
August 1. Mindy invested $25,000 in cash and $3,500 worth of cleaning equipment.
August 2nd. I rented office space and paid $1,800 in cash for the first month's rent.
August 3rd. She bought $2,500 worth of cleaning supplies for cash.
August 3rd. Paid a $3,000 cash premium for one year's liability insurance...coverage started immediately.
August 14. He paid $2,200 cash in wages to 2 employees.
August 24. Raised $9,100 cash for house cleaning services provided to clients.
August 28. He paid another $2,200 in cash for wages.
August 29. I paid cash for this month's $250 phone bill.
August 31. He paid $500 cash for cleaning equipment repairs.
August 31. Mindy withdrew $3,750 in cash from the business for personal use.
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
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