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January 31 The company has collected $700 cash for sales taxes from its customers...

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Question

Accounting

January 31 The company has collected $700 cash for sales taxes from its customers this month, but the taxes aren't due to the state until the end of the quarter $ 700
March 31 An end-of-quarter physical inventory discovers $300 worth of parts has mysteriously gone missing 300
April 7 A review of the company's bank statement reveals $73 of interest earned that has not been recorded 73
April 30 Salaries are paid bi-weekly. Employees have earned $1500 that will not be paid until the next May pay period. 1,500
May 31 Five months has been consumed on a one-year pre-paid insurance policy intially worth $3,600 1,500

Journal
Date Account Debit Credit
Jan 31 $
$
March 31 $
$
April 7 $
$
April 30 $
$
May 31 $
$

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