Following are the transactions for Valdez Services. a. The company pald $2.000 cash for payment on a 6-month-old account payable for office supplies. ejust c The company pald $39,000 cash for equlipment purchased. d. The company pald $800 cash for this month's utilites. e. The owner (B. Valdez) withdrew $4.500 cash from the company for personal use. 1. Prepare general journal entries for the above transactions of Valdez Services. View transaction at Journal entry worksheet 1 2 3 4 5 The company paid $2,.000 cash for payment on a 6-month-old account payable for office supplies. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry Vlew general journal
Following are the transactions for Valdez Services. a. The company pald $2.000 cash for payment on a 6-month-old account payable for office supplies. ejust c The company pald $39,000 cash for equlipment purchased. d. The company pald $800 cash for this month's utilites. e. The owner (B. Valdez) withdrew $4.500 cash from the company for personal use. 1. Prepare general journal entries for the above transactions of Valdez Services. View transaction at Journal entry worksheet 1 2 3 4 5 The company paid $2,.000 cash for payment on a 6-month-old account payable for office supplies. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry Vlew general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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