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prepare journal entries to record the transactions for april and post them to the ledger accounts in requirement 6b The company's chart of accounts follows:
prepare journal entries to record the transactions for april and post them to the ledger accounts in requirement 6b
The company's chart of accounts follows: 101 Cash 405 Commissions Revenue 106 Accounts Receivable 612 Depreciation Expense Computer Equip. 124 Office Supplies 622 Salaries Expense 128 Prepaid Insurance 637 Insurance Expense 167 Computer Equipment 640 Rent Expense k 168 Accumulated Depreciation Computer Equip. 650 Office Supplies Expense 209 Salaries Payable 684 Repairs Expense 307 Common Stock 688 Telephone Expense 318 Retained Earnings 901 Income Summary 319 Dividends ices Use the following information: a. Prepaid insurance of $150 has expired this month. b. At the end of the month, $500 of office supplies are still available. c. This month's depreciation on the computer equipment is $400. d. Employees earned $410 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,200 of commissions that are not yet billed at month-end. RequiredStep by Step Solution
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