1 (Click the icon to view the transactions.) ournalize the transactions of Wilso

Question

1 (Click the icon to view the transactions.) ournalize the transactions of Wilson Technology Solutions. Include an explanation with each jou entry. Use the following accounts: Cash; Accounts Receivable, Office Supplies; Prepaid Advertisin Building; Land, Accounts Payable:; Unearned Revenue; Wilson, Capital; Service Revenue; Rent Expense; Salaries Expense. (Record debits first, then credits. Explanations will appear on the last of the journal entry table.) May 2: Purchased office supplies on account, $350 Date Accdynts and Explanation Debit Credit Nov 1 May2 Choose from any list or enter any number in the input fields and then continue to the next question

Explanation / Answer

the following will be the journal entry:

date accounts debit credit may 2 Office supplies a/c $350 ................To Accounts payable a/c $350 (since supplies are purchased on accounts payable is credited)

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