10 Daube Industries' operations for the month of October are summarized as follows: A. Provided $5,400 of services in October on account. B. Received $3,000 cash from customers for services provided in October. C. Received $1,600 cash for services to be provided in November. D. Received $5,200 cash from customers on account for services provided in September. E. Paid September's warehouse rental bill on account in the amount of $1,300. F. Received October's warehouse rental bill of $1,100: set it aside to be paid at a later date. Required: a. Prepare journal entries to record the transactions identified among activities (A) through (F). b. Calculate the Net Income. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the transactions identified among activities (A) through (F). (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 2 3 4 5 6 Record the entry to provide $5,400 of services on account. Note: Enter debits before credits.

10 Daube Industries' operations for the month of October are summarized as follows: A. Provided $5,400 of services in October on account. B. Received $3,000 cash from customers for services provided in October. C. Received $1,600 cash for services to be provided in November. D. Received $5,200 cash from customers on account for services provided in September. E. Paid September's warehouse rental bill on account in the amount of $1,300. F. Received October's warehouse rental bill of $1,100: set it aside to be paid at a later date. Required: a. Prepare journal entries to record the transactions identified among activities (A) through (F). b. Calculate the Net Income. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the transactions identified among activities (A) through (F). (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 2 3 4 5 6 Record the entry to provide $5,400 of services on account. Note: Enter debits before credits.

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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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Are the entries and values correct or am I missing something? (See image)
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