Compound journal entries.
The following transactions took place at the Cortez’s Leading Ladies during November 2010. Record the general journal entries that would be made for these transactions. Use a compound entry for each transaction.
DATE | TRANSACTIONS |
Nov. 5 | Performed services for Talent Search, Inc., for $16,000; received $8,000 in cash and the client promised to pay the balance in 60 days. |
18 | Purchased a graphing calculator for $150 and some supplies for $250 from Office Supply; issued Check 1008 for the total. |
23 | Received Invoice 1602 for $540 from Automotive Technicians Repair for repairs to the firm’s automobile; issued Check 1009 for half the amount and arranged to pay the other half in 30 days. |
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