What are the Journal Entries for the following: 2. Received invoices from Dewey, Cheatum &...
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Accounting
What are the Journal Entries for the following:
2. Received invoices from Dewey, Cheatum & Howe, Attorneys for $2,125 for reviewing a contract with Center City and from Creative Accounting Solutions for $1,875 for annual accounting work(combine these into one entry and record as Professional fees)
12. GG signed a contract with Center City to provide red, white, and blue cake and ice cream to guests at the Independence Day celebration. The contract requires Gourmet Goodies to provide food to the first 3,500 guestsIf more than 3,500 guests are present, Center City will pay $5 per guest for additional cake and ice cream. In accordance with the contract, GG received $17,500 from Center City as an advance payment for the first 3,500 guests.
13. Purchased a new blast freezer on April 1 from Freezer-R-Us for $68,600. GG made a $19,600 cash down payment and then signed a nine-month, 6% note (not account) for the remainder.
16. Catered several graduation parties for a total of $18,500. Received $7,000 cash with the remainder to be collected in June
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