QS 2-9 Preparing journal entries C A1:

Prepare general journal entries for the following transactions of Green Energy Company. Use the following partial chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities Expense.

Month of May:

The 1st: The company provided $2,000 of sustainability consulting services on credit to a customer.

The 3rd: The company purchased $300 of energy-efficient supplies on credit.

The 9th: The company collected $500 cash as partial payment of the May 1 consulting revenue.

The 20th: The company paid $300 cash toward the payable for energy-efficient supplies.

The 31st: The company paid $100 cash for May's renewable energy utilities.