Asked by Annisa Rahma Putri on Jul 27, 2024
Verified
Prepare in proper form journal entries for the following transactions. Omit explanations.
December
2 Owner made a cash investment into the company $2,500
6 Bought supplies on account $100.
10 Paid salaries, $700
16 Paid for supplies purchased on December 6
21 Received company telephone bill, to be paid later, $50
Journal Entries
Records of financial transactions in accounting, which are entered in the chronological order.
Transactions
The activities or dealings that involve the transfer of goods, services, money, or titles between parties, forming the basis of accounting records.
- Organize and document financial operations within journal records.
Verified Answer
ZK
Learning Objectives
- Organize and document financial operations within journal records.
Related questions
Record the Following Selected Transactions for January in a Two-Column ...
Journalize, in Proper Form, the Following Transactions That Occurred During ...
A Company Provided $12,000 of Consulting Services and Was Immediately ...
The Following Information for Urbanski Corporation Relates to the Three ...
The Following Information for Urbanski Corporation Relates to the Three ...