Prepared a journal entries and an income statement for the corporation.?
View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.
july 1 bills are sent to clientsfor services provided injune in the amount of $800.
july 8 first Bank loans the company $2,500. the company will pay back the loan in august.
july 9 office supply Corp. delivers furniture ($1,060)and expandable office supplies ($160) to random, leaving an invoice for $1,220.
July 15 payment is made to office supply Corp. for the furniture and office supplies delivered on july 9.
july 23 a $430 bill for electricity for the month of june is received and will be paid on its due date in august.
july 31 salaries are paid to employees in the amount of $850
Prepared a journal entries and an income statement for the corporation.?july 1 bills are sent to clients for services provided in june in the amount of $800
Dr A/cs receivable $800
Cr Services revenue $800
july 8 first Bank loans the company $2,500. the company will pay back the loan in august
Dr Cash $2,500
Cr Bank loan payable $2,500
july 9 office supply Corp. delivers furniture ($1,060)and expendable office supplies ($160) to random, leaving an invoice for $1,220
Dr Furniture $1,060
Dr Office supplies $160
Cr A/cs payable $1,220
July 15 payment is made to office supply Corp. for the furniture and office supplies delivered on july 9
Dr A/cs payable $1,220
Cr Cash $1,220
july 23 a $430 bill for electricity for the month of june is received and will be paid on its due date in august
Dr Utilities expense $430
Cr Utilities payable $430
july 31 salaries are paid to employees in the amount of $850
Dr Salaries expense $850
Cr Cash $850
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.