A. Issued a check for $990 to pay the monthly rent Issued a $1,200 check to pay

Question

A. Issued a check for $990 to pay the monthly rent Issued a $1,200 check to pay a creditor on account. C. Purchased new equipment for $360 and pal $05 mmediately by check with the remainder due In 30 d in 30 days D. Provided services on credit in the amount of $840. E. Performed services for cash in the amount of $1,280. F. The owner made an additional investment of $5,400 in cash and $950 in equipment G. Purchased $170 worth of supplies on credit H. Sent a $95 check to the utility company to pay the monthly bill. I. Collected $600 from credit customers. Determine the accounts and amounts to be debited and credited for the above transactions for Folk Furniture Repair View transaction list Journal entry worksheet Issued a check for $990 to pay the monthly rent. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journal MacBook Pro

Explanation / Answer

Transaction General Journal Debit Credit A Rental expense 990.00 Bank 990.00 B Accounts payable 1,200.00 Bank 1,200.00 C Equipment 360.00 Bank 105.00 Accounts payable 255.00 D Accounts receivable 840.00 Service revenue 840.00 E Cash 1,280.00 Service revenue 1,280.00 F Cash 5,400.00 Equipment 950.00 Owner's capital account 6,350.00 G Supplies 170.00 Accounts payable 170.00 H Utility expenses 95.00 Bank 95.00 I Cash 600.00 Accounts receivable 600.00

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.