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The following transactions are July activities of Noah’s Tik Tok Service, which creates videos. Noah paid...

The following transactions are July activities of Noah’s Tik Tok Service, which creates videos.

  1. Noah paid $762 to plumbers for repairing a broken pipe in the restrooms.
  2. Noah paid $468 for the June electricity bill and received the July bill for $633, which will be paid in August.
  3. Noah paid 316 to employees for work in July.

What are the total change to liabilities that Noah will recognize in July? If increase, leave as a positive number. If decreases, place a -Before the number. Example a decrease of $1,000 would be -1,000.

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Answer #1
  1. Journal entries a | $ 762 | Repairs and Maintenance Cash 762 468 Electricity Expense payable $ Cash $ 468 $ 633 Electricity E
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