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Prepare the general journal entries to record the following transactions for Harrys Catering in August 2020. Narrations are required. August 2020 5 Harry provided service

Prepare the general journal entries to record the following transactions for Harrys Catering in August 2020.

Narrations are required.

August 2020

5

Harry provided service of $650 to a customer. The customer paid $300 using a gift card purchased in 2019. The remaining balance was paid using cash.

12

Harry purchased an equipment for $4,500. He paid 30% of the price in cash and a bank loan is arranged for the remaining balance.

18

Harry purchased supplies of $450 on credit.

25

Harry paid $1,000 wages to staff. The expense was recorded in 2019.

28

Harry paid the annual insurance fee of $1,200 for the next 12 months.

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