Question

me Why U S OCCUL Sependen September Provide services to customers for cash. $3.500. September 2Purchase and with a loter note for 55.200 from Criston Company September Receive a voice for $300 from the local newspaper for an advertisement that appeared on September 2. September Provide service to cutouers on account for $4.800. September 10 Purchase ngplies for $1.000 September 13 Pay 32.800 to Chin Company for a lont-te note. September 10 Receive $3.000 from cu r on account. September 20 Pay 570 for September rent September 30 Pay September utility bill of $1.400. September 30 Pay employees $2.800 for salariet for the nth of September September 30 Py t h dividendo $1.000 to shareholders Required: 1. Record each transaction. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transactionist Journal entry worksheet 2 3 4 5 6 Provide services to customers for cash, $3,500. Note: Enter debits before credits General Journal Debit

Answer 1

Solution:

Date	General Journal	Debit	Credit
Sept. 1	Cash	$               3,500
	Service Revenue		$         3,500
	(Being services provided)
Sept. 2	Land	$               5,200
	Note Payable-Long Term		$         5,200
	[ Being land purchased]
Sept. 4	Advertisement Expense	$                  380
	Accounts Payable		$             380
	( Being advertisement expense)
Sept. 8	Accounts Receivables	$               4,800
	Service Revenue		$         4,800
	(Being services provided)
Sept. 10	Office Supplies	$               1,000
	Account Payable		$         1,000
	[ Being supplies purchased]
Sept. 13	Note Payable-Long Term	$               2,800
	Cash		$         2,800
	( Being notes payable paid)
Sept. 18	Cash	$               3,800
	Account Receivable		$         3,800
	( Being cash received on receivables)
Sept. 20	Rent Expense	$                  780
	Cash		$             780
	(Being rent expense paid)
Sept. 30	Utility Expense	$               1,400
	Cash		$         1,400
	(Being utility expense paid)
Sept. 30	Salaries Expense	$               2,800
	Cash		$         2,800
	(Being salary expense paid)
Sept. 30	Dividends	$               1,000
	Cash		$         1,000
	(Being dividend paid)