Question
Prepare journal entries to record the following transactions. a. Purchased $490 of supplies on credit. b. Completed $690 of work for a client on
Prepare journal entries to record the following transactions. a. Purchased $490 of supplies on credit. b. Completed $690 of work for a client on credit. c. Paid $490 cash towards the amount owed from transaction a. d. Completed work for a client and immediately received $990 cash. e. Collected $690 cash for the work previously performed in transaction b. f. Received $1,190 cash in advance from a client for services to be performed next period View transaction list Journal entry worksheet < 1 2 3 4 5 6 Purchased $490 of supplies on credit. Note: Enter debits before credits. Date a. General Journal Debit Credit A
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
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