Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

r The Wildcat Enterprise has the following accounts in its ledger: Cash; Accounts Receiv- able; Supplies; Office Equipment; Accounts Payable; Kitty Chan, Capital; Kitty Chan,

image text in transcribed
r The Wildcat Enterprise has the following accounts in its ledger: Cash; Accounts Receiv- able; Supplies; Office Equipment; Accounts Payable; Kitty Chan, Capital; Kitty Chan, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscella- neous Expense. Journalise the following selected transactions. Journal entry explanations are not re- uired, March 1. Paid rent for the month, $2,500. Cash(c M 4. Paid cash for supplies, $1,050. eyene (o) 2. Paid advertising expense, $600. Cash Rd 6. Purchased office equipment on account, $4,500 8. Received cash from customers who owe, $3,600. 12. Paid creditor, $2,150. 20. Withdrew cash for personal use, $1,000. 25. Paid cash for repairs to office equipment, $120 30. Paid telephone bill for the month, $195. 31. Fees earned and billed to customers for the month, $11,150 31. Paid electricity bill for the month, $280

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

10th Edition

1119491630, 978-1119491637, 978-0470534793

More Books

Students also viewed these Accounting questions

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago