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The following transactions occurred during November: Nov. 1: Sent bills to clients...

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Accounting

The following transactions occurred during November:

  • Nov. 1: Sent bills to clients for services provided in November in the amount of $12,000.
  • Nov. 9: Purchased office furniture of $4,000 and office supplies of $150 from Office Depot receiving an invoice for $4,150. The invoice is due in 60 days.
  • Nov. 15: Paid for the office furniture and supplies purchased from Office Depot.
  • Nov. 23: Received a $350 bill from WKRP Radio for advertising. The bill is due in 30 days.
  • Nov. 30: Paid salaries of $2,500 to employees.

Complete the Journal Entries for the event that occurred on November 1.


Date Account Debit
 Credit
November 1
 Answer Accounts ReceivableRevenueCashOffice FurnitureOffice SuppliesAccounts PayableAdvertising ExpenseWages Expense Answer BLANK$12,000$4,000$150$4,150$350$2,500
 Answer BLANK$12,000$4,000$150$4,150$350$2,500

Answer Accounts ReceivableRevenueCashOffice FurnitureOffice SuppliesAccounts PayableAdvertising ExpenseWages Expense Answer BLANK$12,000$4,000$150$4,150$350$2,500 Answer BLANK$12,000$4,000$150$4,150$350$2,500

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