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Write journal entries in proper form for the following economic transactions for the entity Two Guys, Inc. 1 . Sold goods for $ 1 ,
Write journal entries in proper form for the following
economic transactions for the entity Two Guys, Inc.
Sold goods for $ on account which includes sales tax. The goods were sold under terms Net The goods are carried within inventory at $
Purchased Inventory on account for $ under terms n
Performed a job for a customer and immediately received payment. The job was comprised of $ for sales of product which are held in inventory at $ and services for $ Additionally, sales tax of applies.
Received payment on the transaction shown in transaction # above on the th day.
Paid rent of $ which includes both the current month and next month.
Accrued Utilities Expense for the current month of $
The Company received payment of $ for work to be performed next quarter.
Performed services on account for $
The Company acquired $ of equipment, putting down and financing the remainder with a year note payable.
Paid for the Inventory purchased in transaction # above on the th day.
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