Question
Question 32.) Record the required entries for the following transactions: a. Purchases office supplies for the office for $2,600 cash. b. Paid $18,000 for rent
Question 32.) Record the required entries for the following transactions:
a. Purchases office supplies for the office for $2,600 cash.
b. Paid $18,000 for rent in advance.
c. Purchased inventory on account in the amount of $3,750.
d. Cash sales in the amount of $4,500 and credit sales of $2,300 were recorded. Cost of inventory was $3,750.
e. Paid wages of $1,575. f. Paid for the inventory purchased in 'c'. g. Cash sales of $2,200 were recorded. Cost of inventory, $1,400.
f. Paid the utility bill for $850.
g. Purchased three months of advertising on account for $600. The advertising begins next month.
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