Aug. 1 3 6 10 13 15 17 22 24 27 29 31 Paid $430 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.) Paid August rent $400. (Hint: Use the Prepaid Rent account.) Received $2,970 cash from customers in payment of accounts. Paid $3,400 for salaries due employees, of which $1,850 is for August and $1,550 is for July salaries payable. Received $3,750 cash for services performed in August. Purchased additional equipment on account $2.140. Paid creditors $2,140 of accounts payable due. Purchased supplies on account $810. Paid salaries $3,040. Performed services worth $5,160 on account and billed customers. Received $830 from customers for services to be provided in the future. Declared and paid a $490 dividend.

Aug. 1 3 6 10 13 15 17 22 24 27 29 31 Paid $430 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. (Hint: Use the Prepaid Advertising account.) Paid August rent $400. (Hint: Use the Prepaid Rent account.) Received $2,970 cash from customers in payment of accounts. Paid $3,400 for salaries due employees, of which $1,850 is for August and $1,550 is for July salaries payable. Received $3,750 cash for services performed in August. Purchased additional equipment on account $2.140. Paid creditors $2,140 of accounts payable due. Purchased supplies on account $810. Paid salaries $3,040. Performed services worth $5,160 on account and billed customers. Received $830 from customers for services to be provided in the future. Declared and paid a $490 dividend.

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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