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Remington Communications has been providing cellular phone service for several years. During November and December, the following transactions occurred: November and December Transactions: Nov.
Remington Communications has been providing cellular phone service for several years. During November and December, the following transactions occurred: November and December Transactions: Nov. 2 Remington received $2,300 for November phone service from Enrico Company. 6 Remington purchased $4,500 of supplies from Technology Associates on account. 10 Remington paid $5,250 to its hourly employees for their weekly wages. 15 Remington paid $4,500 to Technology Associates in full settlement of its account payable. 28 30 Dec. 10 Remington paid $2,200 for utilities used during November Remington received a bill from Monticello Construction for $1.220 for repairs made to Remington's loading dock on November 15. Remington plans to pay the bill in early December Remington paid $1,220 to Monticello Construction to settle the repair bill received on November 30. Required: 1. Prepare a journal entry for each of these transactions. 2. Conceptual Connection: What accounting principle did you apply in recording the November 10 transaction?
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