Daube Industries' operations for the month of October are summarized as follows: A. Provided $9,000 of services in October on account. B. Received $3,800 cash from customers for services provided in October. C. Received $1,900 cash for services to be provided in November. D. Received $3,300 cash from customers on account for services provided in September. E. Paid September's warehouse rental bill on account in the amount of $1,400. F. Received October's warehouse rental bill of $1,000; 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).

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Daube Industries' operations for the month of October are summarized as follows:
A. Provided $9,000 of services in October on account.
B. Received $3,800 cash from customers for services provided in October.
C. Received $1,900 cash for services to be provided in November.
D. Received $3,300 cash from customers on account for services provided in September.
E. Paid September's warehouse rental bill on account in the amount of $1,400.
F. Received October's warehouse rental bill of $1,000; 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).
Transcribed Image Text:Daube Industries' operations for the month of October are summarized as follows: A. Provided $9,000 of services in October on account. B. Received $3,800 cash from customers for services provided in October. C. Received $1,900 cash for services to be provided in November. D. Received $3,300 cash from customers on account for services provided in September. E. Paid September's warehouse rental bill on account in the amount of $1,400. F. Received October's warehouse rental bill of $1,000; 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).
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