Question

I only need the solution to letter g, everything else I have right but I just cannot figure out g.

Saved th3 Accounts Receivable Supplies Equipment Land Building 25,000 Deferred Revenue (deposits) 1,200 Notes Payable (long-term) 8,000 Common Stock 6,000 Retained Earnings 22,eee 3,200 40,000 8.ee 9,000 Following are the January transactions: a. Received a $500 deposit from a customer who wanted her piano rebuilt in February b. Rented a part of the building to a bicycle repair shop: $300 rent received for January c. Delivered five rebuilt pianos to customers who paid $14,500 in cash. d. Delivered two rebuilt pianos to customers for $7.000 charged on account. e. Received $6,000 from customers as payment on their accounts. f. Received an electric and gas utility bill for $350 for January services to be paid in February. g. Ordered $800 in supplies. h. Paid $1,700 on account in January 1. Paid $10,000 in wages to employees in January for work done this month. j. Received and paid cash for the supplies in (9). Required: 2. Prepare journal entries for the above January transactions. (If no entry is required for a transacti Journal Entry Required in the first account field.) < Prev 7 8 9 10 of 10 Next > PII DI 4x / s ) Presen Prison Home Home

Answer 1

For letter g, there will be no journal entry as ordering supplies for $800 do no result in any inflow or outflow.
Therefore, when supplies are ordered it will just result in inflow of supplies and outflow of cash in future. So no entry is required today.
The right answer is - " No Journal Entry Required".