Principles of Financial Accounting: ACCT 23 (1) Homework: HW2 Score: 0 ol 17 pts

Question

Principles of Financial Accounting: ACCT 23 (1) Homework: HW2 Score: 0 ol 17 pts S2-6 (similar to) 5of6 (4 complete) laska Sales Consultants completed the folowing transactiones during the latter pat of Janeary Click the icon to view the transadtions) Journalize the transactions of Naska Sales Consultants Include an explanation with each journal entry (Record debits first then credits Select the explanation on the last lne of the joumal entry table) Jan 22 Performed services for customers on account, $8,500 More Info Date Accounts and Explanation Debit Credit Jan 22 Jan22 Performed services for customers on account, $8 500 30 Received cash on account from customers $11,000 31 Received a utility bil, $180, which will be paid during February 31 Paid monthly salary to salesman, $1.800 31 Received $1,215 for three months of consulting senvice to be performed starting in February Cash dividends of $1,200 were paid to stockholders 31 Print Done Choose from any ist or enter any number in the input tields and then click Check Answer parts Clear A

Explanation / Answer

Alaska Sales Consultant General Journal Date Accounts & Explaination Amount (Dr) Amount (Cr) 22-Jan Accounts Receivable $           8,540.00      To Consultancy Service $                                            8,540.00 (Being amount of service performed to customer on account) 22-Jan Accounts receivable $           8,500.00       To Consultancy Service $                                            8,500.00 (Being amount of service performed to customer on account) 30-Jan Cash $         11,000.00      To Accounts Receivable $                                          11,000.00 (Being amount of cash received from customer) 31-Jan Utility Expenses $               180.00      To Utility Expenses Payable $                                                180.00 (Being amount of Utility Expenses Payable) 31-Jan Salary Expenses $           1,800.00       To Cash $                                            1,800.00 (Being amount of monthly salary paid to Salesman) 31-Jan Cash $           1,215.00      To Unearned Service Revenue $                                            1,215.00 (Being amount of consultancy service received in advance) 31-Jan Dividend $           1,200.00       To Cash $                                            1,200.00 (Being amount of Dividend Paid to shareholders)

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