Question
The Fluffy Cat Company had the following transactions during the month of January. Required: For each of the transactions, prepare the required journal entries.
The Fluffy Cat Company had the following transactions during the month of January. Required: For each of the transactions, prepare the required journal entries. (2 marks each) A. Paid $5,000 cash for cat litter, of which $600 was used during January, and $4,400 will be use B. Paid $4,480 for wages and salaries, one-half of which employees had earned in December and one-half of which related to January. C. Paid $480 in advance for February utilities. D. Provided $12,000 in services on account. E. Paid $800 on accounts payable. F. Received $210 from customers as deposits for future pet sitting services. G. Obtained $390 in vet services during the month, but will not pay the bill until February. H. Paid $780 for equipment. A. B. C. D. JOURNAL ENTRIES: Account Debit Credit D. E. F. G. H.
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Get StartedRecommended Textbook for
Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
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