Question
The May transactions of Concord Corporation were as follows. May 4 Paid $ 860 due for supplies previously purchased on account. 7 Performed advisory services
The May transactions of Concord Corporation were as follows.
| May 4 | Paid $ 860 due for supplies previously purchased on account. | |
| 7 | Performed advisory services on account for $ 7,490. | |
| 8 | Purchased supplies for $ 840 on account. | |
| 9 | Purchased equipment for $ 1,940 in cash. | |
| 17 | Paid employees $ 500 in cash. | |
| 22 | Received bill for equipment repairs of $ 810. | |
| 29 | Paid $ 1,190 for 12 months of insurance policy. Coverage begins June 1. |
Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
| Date | Account Titles and Explanation | Debit | Credit |
|---|---|---|---|
| choose a transaction date choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount | |
| choose a transaction date choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
| enter an account title | enter a debit amount | enter a credit amount |
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Financial Accounting Version 3.1
Authors: Joe Ben Hoyle, C.J. Skender, Leah Kratz
1st Edition
1453339442, 9781453339442
