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Prepare journal entries to record the following transactions: Dec.22- $12,500 was received from cash customers Dec.26- Miscellaneous expenses were paid, $1,200 Dec.28- Salaries of employees
Prepare journal entries to record the following transactions:
Dec.22-
$12,500 was received from cash customers
Dec.26-
Miscellaneous expenses were paid, $1,200
Dec.28-
Salaries of employees were paid, $3,200
Dec.31-
Depreciation expense was recorded for equipment $1,250.
Dec.31-
Depreciation expense was recorded for furnitures and fixtures, $750.
Dec.31-
$4,500 worth of supplies were used.
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