Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

record journal entries for transactions below Date 10-Jun 16-Jun 24-Jun Manhattan Realty Transactions occurred in June 2021 Description of transaction 1-Jun Paid insurance premium that

record journal entries for transactions below
image text in transcribed
Date 10-Jun 16-Jun 24-Jun Manhattan Realty Transactions occurred in June 2021 Description of transaction 1-Jun Paid insurance premium that relates to period June 2021 through May 2022, $2,400 1-Jun Paid rent on office for June. 54,000 5-Jun Purchased office supplies on account, $1,400 8-Jun Received payment from a dient for services performed before, $18,000 Purchased an office equipment (a commercial copier) for $10,000 with $5,000 cash payment, the rest is on account Paid accounts payable, $800 Paid for an ad on the New York Times that runs from June 24 to June 30, $600 Billed clients for service commissions that earned, $28,000 Incurred and Paid salaries and commissions expense, $8,000 28-Jun Paid automobile exponse (rental charges for an automobile), $750 Paid miscellaneous expenses, $250 30-Jun Declared and paid dividends. $2,000 Adjustment data Prepaid insurance expired during June 2021, $200 Supplies on hand at the end of June 2021, $1,800 Depreciation expense on office equipment for June 2021. $4,000 Incured Salaries and commissions expense from June 28 to June 30, $1,200 Deferred commissions earned in June 2021, $1,000 25-Jun 27-Jun 29-Jun a b. C d e

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

More Books

Students also viewed these Accounting questions

Question

Understand some techniques for evaluating the HRM function

Answered: 1 week ago