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The listing of the business transactions you are to record thru 1-31-2022. Next the project journal entry form to record the journal entries for each
The listing of the business transactions you are to record thru 1-31-2022. Next the project journal entry form to record the journal entries for each business transaction listed in the Project Transactions
Always check that each journal entry line has an account and a debit or credit entry. Always check that your total debits for your transaction equals your total credits.
List of business transactions to record in a general journal \begin{tabular}{|c|c|l|} \hline 13 & 1/31/2022 & Record one month of depreciation on the building and equipment. The building is being depreciated at a rate of $400 per month T-4. \\ \hline 14 & 1/31/2022 & One month of pre-paid rent from 1/1/2022 has expired. T-2 \\ \hline 15 & 1/31/2022 & $1,500 of supplies remain in supplies inventory at the end of January. Record the adjusting entry. T-3 \\ \hline 16 & 1/31/2022 & Accrue one month of interest expense on the note related to the building loan on 1/1/2022. Face x Rate x Time T-4 \\ \hline 17 & 1/31/2022 & Performed $2,000 of the service that was pre-paid for on January 18th. T-7 \\ \hline 18 & 1/31/2022 & Accrue $8,000 of services provided to a customer on January 25th. \\ \hline 19 & 1/31/2022 & Customers paid $25,000 on account. \\ \hline 20 & 1/31/2022 & Accrue Income Tax on Net Income at a rate of 20% of Net Income. \\ \hline \end{tabular}Step by Step Solution
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