Question
Record the following transactions on the General journal that are given below for the month of November, Identify each entry by letter. A. Alien is
-
Record the following transactions on the General journal that are given below for the month of November, Identify each entry by letter. A. Alien is a lawyer and owner of ABC Consulting Firm.
-
Earned $8,000 fees on account
-
Purchased equipment for $ 45,000 paying $20,000 in cash and the remainder on credit
-
Paid $3,000 for rent for January
-
Purchased $2,500 of supplies on account
-
A. Allen $2,000 investment in the company
-
Received $7,000 in cash for fees earned previously
-
Paid $1,200 to creditors on account
-
Paid wages of $6,250
-
Received $7,150 from customers on account
-
A. Allen withdrawal of $1,750
-
Paid telephone bill for $500
-
Received hydro bill $ 400 to be paid next month
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started