Using the box below, prepare Journal entries for the following transactions:1 On 9/1/17, AFSPA received an invoice of $36,000 for the annual insurance renewal2 On 9/15/17, cheek is written for # 1 above3 10/1/17, the monthly amount is expensed for #1 above4 On 1/4/18, AFSPA received an invoice from Staples in the amount of S32005 On 3/5/18 member pays their quarterly dental insurance premium (this is revenue to AFSPA) in the amount of S3006 On 3/10/18 the check bounces from # 5 above7 Record the revenue for April #5 aboveDateDR Account nameCr Account nameDrCrGL. description (25 characters)

Journal is the book of prime entry. In accruaval basis of…

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Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...

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Question

Using the box below, prepare Journal entries for the following transactions:
1 On 9/1/17, AFSPA received an invoice of $36,000 for the annual insurance renewal
2 On 9/15/17, cheek is written for # 1 above
3 10/1/17, the monthly amount is expensed for #1 above
4 On 1/4/18, AFSPA received an invoice from Staples in the amount of S3200
5 On 3/5/18 member pays their quarterly dental insurance premium (this is revenue to AFSPA) in the amount of S300
6 On 3/10/18 the check bounces from # 5 above
7 Record the revenue for April #5 above
Date
DR Account name
Cr Account name
Dr
Cr
GL. description (25 characters)

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