Homework Answers
Explanation of journal entries
| Date | Explanation |
| Jan. 1 | Received cash for the issue of common stock |
| Feb. 1 | Received cash for services provided |
| March 1 | Rent paid in advance |
| April 1 | Services provided to customers on account |
| May 1 | Payment made for supplies |
| June 10 | Service revenue received in advance from customers |
| July 10 | Cash received from customers |
| August 1 | Payment made for salaries expense |
| Oct. 1 | Payment made for cash dividends |
| Nov. 1 | Payment made for property tax expense |
| Dec. 31 | Adjustment entry for rent expense of the current year |
| Dec. 31 | Adjustment entry for service revenue of the current year |
| Dec. 31 | Adjustment entry for service supply expense of the current year |
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ldentifying accounting events from journal entries Required The following information is from the records of attorney...
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