Question
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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