Flora Accounting Services completed these transactions in February: a. Purchased

Q: Flora Accounting Services completed these transactions in February: a. Purchased

Solution: Journal Debit Credit a. Office Supplies 300 Accounts Payable 300 b. Accounts receivables 500 Services 500 c. Accounts Payable 300 Cash 300 d. Cash 800 Services 800 e. Cash 500 Accounts receivables 500

ID: 2459234 • Letter: F

Question

Flora Accounting Services completed these transactions in February:

a. Purchased office supplies on account, $300

b. Completed work for a client on credit, $500

c. Paid cash for the office supplies purchased in (a)

d. Completed work for a client and received $800 cash

e. Received $500 cash for the work described in (b).

Prepare General journal (using a talbe with professional terms for debit/credit entries such as Cash, Account Receivable or Payable) to record the above transactions.

Thank you in advance for submitting a correct technical answer.

Explanation / Answer

Solution:

Journal Debit Credit a. Office Supplies 300 Accounts Payable 300 b. Accounts receivables 500 Services 500 c. Accounts Payable 300 Cash 300 d. Cash 800 Services 800 e. Cash 500 Accounts receivables 500

Navigate

Flopstop Company expects unit sales to be 2,000 and 3,000 for the first two quar

Flora hall went to Rent A Center in Milwaukee and signed an agreement to make mo

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

Flora Accounting Services completed these transactions in February: a. Purchased

Question

Explanation / Answer

Related Questions

Navigate