Question

Question / View Policies Current Attempt in Progress The May transactions of Bramble Corp.were as follows. May 4 Paid $660 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,060. 8 Purchased supplies for $870 on account. 9 Purchased equipment for $2.780 in cash. 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 for the amounts. Credit account titles are automa Date Account Titles and Explanation Debit Credit

Answer 1

Answer
Journal entry :
Date	account and explanation	debit	credit
May-04	Account payable	$        660
	Cash		$        660
	(To record the payment of supplies)
May-07	Account receivable	$     7,060
	Service revenue		$     7,060
	(To record the advisory services performed)
May-08	Supplies	$        870
	Account payable		$        870
	(To record the purchase of supplies)
May-09	Equipment	$     2,780
	Cash		$     2,780
	(To record the Equipment purchased)
May-17	Salary expense	$        710
	Cash		$        710
	(To record the salaries paid in cash)
May-22	Repairs expense	$        820
	Repairs payable		$        820
	(To record the bill of equipment received)
May-29	Prepaid insurance	$     1,260
	Cash		$     1,260
	(To record the prepaid insurance)

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