Essay
Prepare in proper form journal entries for the following transactions. Omit explanations.
December
2 Owner made a cash investment into the company $2,500
6 Bought supplies on account $100.
10 Paid salaries, $700
16 Paid for supplies purchased on December 6
21 Received company telephone bill, to be paid later, $50
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A fiscal year is always January 1
Q3: A credit to a liability account was
Q4: The time period for which an income
Q5: If Prepaid Rent has been debited, it
Q6: Which of the following entries records the
Q8: Post the following to the ledger of
Q9: A journal entry affecting three or more
Q10: Renzi's Volleyball Gym purchased equipment for $1,300.
Q11: The trial balance lists the accounts:<br>A) alphabetically.<br>B)
Q12: Which of the following entries would record