Question
XYZ Cleaning completed the following transactions during the month of October 20X0 $ Oct-01 Prepaid insurance for October to December 99 Oct-04 Performed cleaning services
XYZ Cleaning completed the following transactions during the month of October 20X0 $ Oct-01 Prepaid insurance for October to December 99 Oct-04 Performed cleaning services on credit 385 Oct-05 Purchased cleaning equipment on credit 308 Oct-08 Paid repair expenses 11 Oct-11 Purchased office equipment for cash 220 Oct-19 Collected on account 38.5 Oct-24 Performed cleaning services & collected cash 82.5 Oct-26 Paid account payables from 5 Oct Oct-29 Paid salary expense 110 Oct-30 Recorded adjusting entry for October insurance expense Oct-31 Debited unearned revenue and credited revenue in an adjusting entry 126.5 GST rate 10% GST is charged on eligible transactions PART A: Prepare journal entries for the above transactions and events (12.5 marks)
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