Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. record the appropriate journal entry for each tran

Record the appropriate journal entry for each transaction. Date General Journal Account/Explanation PR...

80.2K

Verified Solution

Question

Accounting

image

Record the appropriate journal entry for each transaction.

Date General Journal Account/Explanation PR Debit Credit Apr (Received a $60 invoice from PG&E for this month's utility service) Apr 2 (Paid $360 on account amount owed puppliers) Apr 3 (Received $480 payment from Customer Co. for work done last month) Apr 4 (Received $270 in advance from Client Co. Apr 5 (Issued checks to shareholders totaling $180) Apr 6 (Received an invoice for $210 from Newspaper Co.for ads run this week.) Apr 1 (Paid $510 to employees for their work this week.) Apr 0 [lssued a $120 check to Landlord Co. for this month's rent) Apr 9 (Purchased $240 equipment on account from X Co.) Apr 10 (Performed $300 of services on account for Customer Co. Apr 11 (Paid 6 months insurance in advance of $1800 to Z Co.) Apr 12 (Performed services for Client Co. and received payment of $420)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students