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Geo Inc. had the following account balances on January 1, Year2: Accounts Payable Accounts Receivable Cash Common Stock Equlpment Note Payable Retained Earnings S 731 2,400 2,400 20,000 3,300 4,600 4,661 4,900 1,780 Salamies and Wages Expense4 Supplies Required: Prepare jounal entries for each of the following January activities, and post results to the relevant T accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld.) A. Paid $731 on aunt for utilities that we used during Decembor Year 1 B. Purchased $493 of supplies for cish. C. Signed a rental agreement for office space and paid $8,300 in advance for six months af rent beginning February 1, Year 2 D. Purchased $18,500 of new equipment, signing a promissory note. E. Provided $33,000 of services. $21,000 was recelved in cash and $12,00D was provided on credit. F. Pald workers $7,600 for work done in January. View transaction list Journal entry worksheet Record the payment of $731 on account for December's utilities. Note: Enter debits before credits. Debit Credit A. Record entry Clear entry View general journal

Answer 1

Journal entries

Date	account and explanation	debit	credit
	Utilities payable	731
	Cash		731
	(To record amount paid)
	Supplies	493
	Cash		493
	(To record purchase supplies)
	Prepaid rent	8300
	Cash		8300
	(To record prepaid rent paid)
	Equipment	18500
	Account payable		18500
	(To record equipment purchased)
	Cash	21000
	Account receivable	12000
	Service revenue		33000
	(To record service revenue)
	Salaries and wages expense	7600
	Cash		7600
	(To record salaries and wages paid)