Question

The May transactions of Bramble Corp. were as follows. Paid $660 due for supplies previously purchased on account. Performed advisory services on account for $7,060. Purchased supplies for $870 on account. Purchased equipment for $2,780 in cash. May 4 7 8 9 17 Paid employees $710 in cash. 22 Received bill for equipment repairs of $820. 29 Paid $1,260 for 12 months of insurance policy. Coverage begins June 1 Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Answer 1

Answer:

May	Description	Debit $	Credit $
4	Accounts Payable	660
	Cash		660
7	Accounts Receivable	7060
	Service revenue		7060
8	Supplies	870
	Accounts Payable		870
9	Equipment	2780
	Cash		2780
17	Salary and wages Expanses	710
	Cash		710
22	Maintainance and Repair expanses	820
	Accounts Payable		820
31	Prepaid insurance	1260
	Cash		1260