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How should the General journal entry worksheet look for the following information: Account payable $ 12, 200Account receivable $5, 300 Accumulated depreciation $7,000Cash $77,000Depreciation expense machinery $7,000Machinery 65, 0000. Gilles, drawing 50, 500Fees income 175, 000Supplies 3,700 Prepaid insurance 58, 500Insurance expense 8, 500Supplies expense 7, 7000. Gilles, capital 103, 900 Utilities expense 14, 900

How should the General journal entry worksheet look for the following information: Account payable $ 12, 200Account receivable $5, 300 Accumulated depreciation $7,000Cash $77,000Depreciation expense machinery $7,000Machinery 65, 0000. Gilles, drawing 50, 500Fees income 175, 000Supplies 3,700 Prepaid insurance 58, 500Insurance expense 8, 500Supplies expense 7, 7000. Gilles, capital 103, 900 Utilities expense 14, 900

FINANCIAL ACCOUNTING
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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How should the General journal entry worksheet look for the following information: Account payable $ 12, 200Account receivable $5,300Accumulated depreciation $7,000Cash $77,000Depreciation expense machinery $7,000Machinery 65, 0000. Gilles, drawing 50, 500Fees income 175, 000Supplies 3, 700 Prepaid insurance 58, 500Insurance expense 8, 500Supplies expense 7, 7000. Gilles, capital 103, 900 Utilities expense 14, 900
Transcribed Image Text:How should the General journal entry worksheet look for the following information: Account payable $ 12, 200Account receivable $5,300Accumulated depreciation $7,000Cash $77,000Depreciation expense machinery $7,000Machinery 65, 0000. Gilles, drawing 50, 500Fees income 175, 000Supplies 3, 700 Prepaid insurance 58, 500Insurance expense 8, 500Supplies expense 7, 7000. Gilles, capital 103, 900 Utilities expense 14, 900
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