Question
(Various Proprietary Accounting Transactions) Prepare journal entries to record the following transactions in the proprietary accounts of ABC Agency for 20X8. Supplies costing $42,000 were
(Various Proprietary Accounting Transactions) Prepare journal entries to record the following transactions in the proprietary accounts of ABC Agency for 20X8.
Supplies costing $42,000 were used by ABC Agency.
ABC Agency incurred rental expense of $24,080 for which it had not previously been obligated.
ABC Agency requested a check in the amount of $24,080 from the Treasury to pay accounts payable.
The Treasury notified ABC Agency that a check in the amount of $24,080 was issued.
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Accounting And Financial Management For Residential Construction
Authors: Emma Shinn
5th Edition
0867186356, 978-0867186352
