a. Purchased office supplies on account, SAR 450 b. Completed work for a client on credit,...
a. Purchased office supplies on account, SAR 450 b. Completed work for a client on credit, SAR 1,500 c. Paid cash for the office supplies purchased in (a) d. Completed work for a client and received SAR 800 cash e. Received SAR 1,500 cash for the work described in (b). f. Received SAR 3,000 in advance from a client for accounting services to be performed in September. Prepare journal entries to record the above transactions. Explanations are not necessary.
Homework Answers
| Event | General Journal | Debit | Credit |
| a | Office supplies | 450.00 | |
| Accounts Payable | 450.00 | ||
| b | Accounts Receivable | 1,500.00 | |
| Services Revenue | 1,500.00 | ||
| c | Accounts Payable | 450.00 | |
| Cash | 450.00 | ||
| d | Cash | 800.00 | |
| Services Revenue | 800.00 | ||
| e | Cash | 1,500.00 | |
| Accounts Receivable | 1,500.00 | ||
| f | Cash | 3,000.00 | |
| Unearned Revenue | 3,000.00 |
Add Answer to:
a. Purchased office supplies on account, SAR 450 b. Completed
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