Question

11:23 LTE E Done 2 of 2 Write Journal Entries, in good form, for the following transactions. You do not need to write explanations. A. A Company purchased a car for $20,000 with cash. B. A Company purchased a building for $125,000 with a mortgage C. A Company purchased inventory of $25,000, on account. D. A Company paid $1,000 on an Accounts Payable amount owed to a vendor. E. A Company paid utilities of $500. F. A Company paid salaries of $3,500. G. A Company paid $12,000 for 6 months of rent in advance. H. A Company sold $10,000 of merchandise to a customer for cash. I. A Company provided $2,000 of services to a customer, on account.

Answer 1

Credit Debit $20,000 $20,000 $125,000 $125,000 $25,000 $25,000 $1,000 $1,000 $500 $500 $3,500 $3,500 $12,000 $12,000 $10,000 Accounts and Explanation A Car To Cash B Building To Mortgage on building C Purchase To Accounts payable D|Accounts payable To Cash E Utilities Expense To Cash F Salary Expense To Cash G Prepaid rent To Cash H Cash To Sales I Accounts receivable To Service revenue Cash To Sales K Cash To Accounts receivable L Cash To Common stock M Salaries expense To Salaries payable |N|Office supplies expenses To Office supplies o Rent expense To Prepaid rent P|Unearned service revenue To Service revenue $10,000 $2,000 $2,000 $3,000 $3,000 $500 $500 $10,000 $10,000 $5,000 $5,000 $750 $750 $2,000 $2,000 $1,000 $1,000 Accounts receivable $5,000 To Service revenue $5,000