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  3. prepare general journal entries for the following

Prepare general journal entries for the following transaction/events: Depreciation expense for...

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Accounting

  1. Prepare general journal entries for the following transaction/events:

  1. Depreciation expense for the accounting period totals $5,000.

  2. Customer advances for the accounting period total $1,000.

  3. An end-of-period review of prepaid accounts shows that $800 of customer advances were actually earned during the accounting period.

  4. Interest of $300 was found to be owed at the end of the accounting period, but had not been recorded yet.

  5. Sales totaling $30,000 for the month were made, all on open account credit.

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