Geo, Incorporated had the following account balances on January 1, Year 2: During January, Year...
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Accounting
Geo, Incorporated had the following account balances on January 1, Year 2: During January, Year 2, Geo entered into the following transactions: A. Paid $754 on account for utilities that were used during December, Year 1. B. Purchased $473 of supplies for cash. C. Signed a rental agreement for office space and paid $3,550 in advance for six months of rent beginning February 1 , Year 2. D. Purchased $15,500 of new equipment, signing a promissory note. E. Provided $26,750 of services. $17,500 was received in cash and $9,250 was provided on credit. F. Paid workers $8,400 for work done in January. Required: Prepare journal entries for each of the above January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Be sure to enter beginning balances
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