Following are the transactions of Green Energy Company. The company provided $2,400 of May 1 sustainability consulting services on credit to a customer. The company purchased $500 of energy- efficient supplies on credit. The company collected $900 cash as May 9 partial payment of the May 1 consulting May 3 revenue. The company paid $500 cash toward the payable for energy-efficient supplies. The company paid $300 cash for May's renewable energy utilities. May 20 May 31
Following are the transactions of Green Energy Company. The company provided $2,400 of May 1 sustainability consulting services on credit to a customer. The company purchased $500 of energy- efficient supplies on credit. The company collected $900 cash as May 9 partial payment of the May 1 consulting May 3 revenue. The company paid $500 cash toward the payable for energy-efficient supplies. The company paid $300 cash for May's renewable energy utilities. May 20 May 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Required information
[The following information applies to the questions
displayed below.]
Following are the transactions of Green Energy Company.
The company provided $2,400 of
May 1 sustainability consulting services on
credit to a customer.
The company purchased $500 of energy-
efficient supplies on credit.
The company collected $900 cash as
May 3
May 9 partial payment of the May 1 consulting
revenue.
The company paid $500 cash toward the
payable for energy-efficient supplies.
The company paid $300 cash for May's
renewable energy utilities.
May 20
May 31
Prepare general journal entries for the above transactions.
View transaction list
The company provided $2,400 of sustainability consulting
services on credit to a customer.
1
credit to
2 The company purchased $500 of energy-efficient supplies
on credit.
3 The company collected $900 cash as partial payment of
the May 1 consulting revenue.
edit
4 The company paid $500 cash toward the payable for
energy-efficient supplies.
5 The company paid $300 cash for May's renewable energy
utilities.
Note :
= journal entry has been entered
Record entry
Clear entry
View genera](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd02b726-c78a-4dd9-872e-ac1632740a09%2F91a5ed61-83f6-4d97-a475-4f9b48a5c4b7%2Faas6xyh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions
displayed below.]
Following are the transactions of Green Energy Company.
The company provided $2,400 of
May 1 sustainability consulting services on
credit to a customer.
The company purchased $500 of energy-
efficient supplies on credit.
The company collected $900 cash as
May 3
May 9 partial payment of the May 1 consulting
revenue.
The company paid $500 cash toward the
payable for energy-efficient supplies.
The company paid $300 cash for May's
renewable energy utilities.
May 20
May 31
Prepare general journal entries for the above transactions.
View transaction list
The company provided $2,400 of sustainability consulting
services on credit to a customer.
1
credit to
2 The company purchased $500 of energy-efficient supplies
on credit.
3 The company collected $900 cash as partial payment of
the May 1 consulting revenue.
edit
4 The company paid $500 cash toward the payable for
energy-efficient supplies.
5 The company paid $300 cash for May's renewable energy
utilities.
Note :
= journal entry has been entered
Record entry
Clear entry
View genera
Expert Solution
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Step 1 Introduction
The journal keeps the record for regular transactions of the business in four column book and further T-accounts can be prepared using journal book.
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