1. September 3 Paint houses in the current month for $14,500 on account.2. September3. September 12 Purchase office supplies on account for $2, 400.4. September 15 Pay employee salaries of $3,100 for the current month.5. September 19 Purchase advertising to appear in the current month for $1,100 cash.6. September 22 Pay office rent of $4,300 for the current month.7. September 26 Receive $9,500 from customers in (1) above.8. September 30 Receive cash of $4,900 in advance from a customer who plans to have his house painted in the8 Purchase painting equipment for $15,500 cash.following month.GeneralGeneralLedgerRequirementTrial BalanceJournalPrepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in thefirst account field.)View transaction listJournal entryworksheet2.34678Paint houses in the current month for $14,500 on account.Note: Enter debits before credits.DateAccount TitleDebitCreditSeptember 03Recerd entryClear entryView general journal

Journal entries recording is the first step of whole accounting process, under which atleast one…

1. September 3 Paint houses in the current month for $14,500 on account. 2. September 8 Purchase painting equipment for $15,500 cash. 3. September 12 Purchase office supplies on account for $2,400. 4. September 15 Pay employee salaries of $3,100 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,100 cash. 6. September 22 Pay office rent of $4,300 for the current month. 7. September 26 Receive $9,500 from customers in (1) above. 8. September 30 Receive cash of $4,900 in advance from a customer vho plans to have his house painted in the following month. General General Ledger Requirement Trial Balance Journal Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

1. September 3 Paint houses in the current month for $14,500 on account. 2. September 8 Purchase painting equipment for $15,500 cash. 3. September 12 Purchase office supplies on account for $2,400. 4. September 15 Pay employee salaries of $3,100 for the current month. 5. September 19 Purchase advertising to appear in the current month for $1,100 cash. 6. September 22 Pay office rent of $4,300 for the current month. 7. September 26 Receive $9,500 from customers in (1) above. 8. September 30 Receive cash of $4,900 in advance from a customer vho plans to have his house painted in the following month. General General Ledger Requirement Trial Balance Journal Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A weekly time ticket for Joyce Caldwell follows: Labor Time Ticket Ticket Number: TT 338 Employee: Joyce Caldwell % Date Monday, 8/12 Tuesday, 8/13 Wednesday, 8/14 Thursday, 8/15 Friday, 8/16 View transaction list < 1 Time Started Journal entry worksheet 7:00 AM 7:00 AM 7:00 AM Transaction a 7:00 AM 12:00 PM 7:00 AM Note: Enter debits before credits. Record entry Dates: Monday 8/13 Record Joyce's wages to be paid at a later date. Required: Prepare a journal entry to record Joyce's wages. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. 1 General Journal Clear entry Friday 8/17 Time Ended 11:00 AM 4:00 PM 3:00 PM Weekly Totals Hourly Labor Rate Total Wages Earned 3:00 PM 3:00 PM 3:00 PM Total Hours 8 hours 8 hours 8 hours Debit 4 hours 4 hours 8 hours 40 hours × $29 $ 1,160 Credit Job Number Job 271 Job 271 Job 272 Job 272 Maintenance Job 273 View general journal
Prepare the journal entries
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