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Prepare Journal Entries in Good Form for Each of the Following

Question 1

Essay

Prepare journal entries in good form for each of the following transactions concerning the business J. Morris, Architect.
a. On July 5, Morris prepared a set of drawings for a customer and billed the customer $1,500.
b. On July 10, bought $300 of drafting supplies for cash.
c. On July 15, paid $800 in salaries for the assistant.
d. On July 18, collected $900 from the July 5 transaction.
e. On July 20, paid $600 for a one-year insurance policy in advance.
f. On July 22, a cash advance of $800 is received from a client for services to be performed in August.
Prepare journal entries in good form for each of the following transactions concerning the business J. Morris, Architect. a. On July 5, Morris prepared a set of drawings for a customer and billed the customer $1,500. b. On July 10, bought $300 of drafting supplies for cash. c. On July 15, paid $800 in salaries for the assistant. d. On July 18, collected $900 from the July 5 transaction. e. On July 20, paid $600 for a one-year insurance policy in advance. f. On July 22, a cash advance of $800 is received from a client for services to be performed in August.

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