Question

Question 3 of 6 -/5 Current Attempt in Progress The May transactions of Bramble Corp. were as follows. May 4 7 В 9 Paid $610 due for supplies previously purchased on account Performed advisory services on account for $6,840. Purchased supplies for $870 on account. Purchased equipment for $1,930 in cash. Paid employees $700 in cash. Received bill for equipment repairs of $800. Paid $1,280 for 12 months of insurance policy. Coverage begins June 1. 17 22 29 Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Date Credit May 4

Answer 1

Answer or Journal Date Particulars 1/f Debit ($) Credit ($) may 4 Accounts Payable sie 610 To Cash of 610 (Being peryment of Accounts payable are recorded] may 7 17 Account Receivable se 6,840 To Service Revenue De 6,840 C Being advisory Services are rendered on account] may 8 Supplies she 850 To Allount Payable de 870 CBeing Supplies purchased on acount) may & Equipment afe 1930 To Cash ofc 1930 [Being equipment purchased for cash may it wages Expense Me too To Cash of too (being employees are paid in Cash may 22 Repair Expense Me 800 To Decount payable A (Being repairs bill of Ar Dr 800 egeepment received Dr 1280 may 29 Prepaid Insurance Me To Cash pfc с [Being payment of Prepaid insusance] 1280