Question

11. June 17: Cash of $6,000 was paid for rent for June, July and August. Put the total amount into the Prepaid Rent account 12. June 17: Received a bill of $350 from the local newspaper for advertising. 13. June 21: Billed various miscellaneous local customers $4,500 for consulting services performed. 14. June 21: A fax machine for the office was purchased for $825 cash. 15. June 21: Accounts payable in the amount of $240 were paid. 16. June 22: Paid the advertising bill that was received on June 17. 17. June 22: Received a bill for $1,090 from Computer Parts and Repair Co. for repairs to the computer equipment 18. June 22: Paid salaries of $1,035 to equipment operators for the week ending June 18. 19. June 23: Cash in the amount of $3,605 was received on billings. 20. June 23: Purchased office supplies for $505 on credit. Record the purchase as an increase to the assets. 21. June 28: Billed $5,910 to miscellaneous customers for services performed to June 25. 22. June 29: Cash in the amount of $5,600 was received for billings. 23. June 29: Paid the bill received on June 22, from Computer Parts and Repairs Co. 24. June 29: Paid salaries of $1,035 to equipment operators for the week ending June 25. 25. June 30: Received a bill for the amount of $840 from O&G Oil and Gas Co.

Answer 1

Journal Entries:

	Date	Account Titles and Explanations	Debit	Credit
11)	Jun. 17	Prepaid Rent Expense	$6,000
		Cash		$6,000
		(To record the prepayment of rent)
12)	Jun. 17	Advertising Expense	$350
		Accounts Payable		$350
		(To record the advertising expense incurred)
13)	Jun. 21	Accounts Receivable	$4,500
		Service Revenue		$4,500
		(To record the services performed on account)
14)	Jun. 21	Fax Machine	$825
		Cash		$825
		(To record the purchase of fax machine by cash)
15)	Jun. 21	Accounts Payable	$240
		Cash		$240
		(To record the payment made for the due accounts)
16)	Jun. 22	Accounts Payable	$350
		Cash		$350
		(To record the payment made for advertising expenses)
17)	Jun. 22	Repairs Expense	$1,090
		Accounts Payable		$1,090
		(To record the acrual of repairs expense on account)
18)	Jun. 22	Salaries Expense	$1,035
		Cash		$1,035
		(To record the payment of salaries)
19)	Jun. 23	Cash	$3,605
		Accounts Receivable		$3,605
		(To record the receipt of cash from the accounts)
20)	Jun. 23	Office Supplies	$505
		Accounts Payable		$505
		(To record the purchase of supplies on account)
21)	Jun. 28	Accounts Receivable	$5,910
		Service Revenue		$5,910
		(To record the services performed on account)
22)	Jun. 29	Cash	$5,600
		Accounts Receivable		$5,600
		(To record the receipt of cash from the accounts)
23)	Jun. 29	Accounts Payable	$1,090
		Cash		$1,090
		(To record the payment made for repairs expenses)
24)	Jun. 29	Salaries Expense	$1,035
		Cash		$1,035
		(To record the payment of salaries)
25)	Jun. 30	Oil and Gas Expenses	$840
		Accounts Payable		$840
		(To record the expenses incurred relating to Oil and Gas)