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Required information {The following information applies to the questions displayed below.] The following items present a sample of business activities involving Dry Cleaner Corporation (DCC)
Required information {The following information applies to the questions displayed below.] The following items present a sample of business activities involving Dry Cleaner Corporation (DCC) for the year ended December 31. DCC provides cleaning services for individual customers and for employees of several large companies in the city Dec 1: DCC's Owner paid $18,150 cash to acquire 338 of DCC's Connon shares. Dec 7: DCC ordered cleaning Supplies at a total cost of $1,88e. The supplies are expected to be received in early Dec 17: Customers paid $240 cash to DC to obtain Dcc gift cards that they could use to obtain future cleaning services at no additional cost. Dec 21: DCC ran advertising in the local newspaper today at a total cost of $500. DCC is not required to pay for the advertising until January 21 Dec22: DCC paid $i,6ee to the landlord for January rent. Dec 23: DCC's Owner sold 5 of his own DSS common shares to a private investor, at a selling price of 5325. Dec 28: DCC paid in full for the advertising run in the local newspaper on December 21. Dec 29: The cleaning Supplies ordered on December 7 were received today. DCC does not have to pay for these supplies until January 29. Dec 31: Today, DCC completed cleani services for se al large companies at a al price of $2,780. The companies are expected to pay for the services by January 31. 2 Prepare joumal entries to record each item. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction et Journal entry worksheet 1 3 4 6 7 > Record the payment of $18,150 cash to acquire 330 DCC shares directly from DCC. Note: Enter debits before credit Date General Journal Debit Credit Dec 01
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