Question

Ko? OOO O O O... > The company prepaid $7,000 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $7,000.) Note: Enter debits before credits. Date General Journal Debit Credit

Answer 1

No. No. Credit Date Mar. 22 $4,300 Mar. 25 $5,290 10) Mar. 29 Date Account Titles and Explanation Debit Credit Prepaid Rent $7,000 Cash $7,000 (To record prepaid rent paid by cash) Office Equipment $4,000 Office Supplies $2,000 Accounts Payable $6,000 (To record office equipment & supplies purchased on account) Cash $5,000 Service Revenue $5,000 (To record receipt of cash for services provided) Mar. 09 Accounts Receivable $8,200 Service Revenue $8,200 (To record services provided on account) Mar. 12 Accounts Payable $6,000 Cash $6,000 (To record cash paid on account) Mar. 19 Prepaid Insurance $6,700 Cash $6,700 (To record prepaid insurance paid by cash) Account Titles and Explanation Debit Cash $4,300 Accounts Receivable (To record cash received on account) Accounts Receivable $5,290 Service Revenue (To record services provided on account) D. Brooks, Withdrawals $6,600 Cash (To record cash drawn by D. Brooks for personal use) Office Supplies $2,000 Accounts Payable (To record office supplies purchased on account) Utilities Expense $600 Cash (To record cash paid for utility for the month) $6,600 11) Mar. 30 5) $2,000 12) Mar. 31 6) $600 7)