Journalize the following transactions for the month of February 1; a.Sold merchandise on account for $10,000 other income, other receivable,); Cost of Goods Sold $3,000 (Inventory, Cost of Sale) o. Received the utilities bill for $250.00 accrued expense, utilities expense) C. Salaries for the week are $3,300 (salaries expense, wages payable) d. Received and invoice of $100 for advertising.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalize the following transactions for
the month of February 1;
a.Sold merchandise on account for $10,000
(other income, other receivable,); Cost of
Goods Sold $3,000 (Inventory, Cost of Sale)
b. Received the utilities bill for $250.00
(accrued expense, utilities expense)
C. Salaries for the week are $3,300 (salaries
expense, wages payable)
d. Received and invoice of $100 for
advertising.
Transcribed Image Text:Journalize the following transactions for the month of February 1; a.Sold merchandise on account for $10,000 (other income, other receivable,); Cost of Goods Sold $3,000 (Inventory, Cost of Sale) b. Received the utilities bill for $250.00 (accrued expense, utilities expense) C. Salaries for the week are $3,300 (salaries expense, wages payable) d. Received and invoice of $100 for advertising.
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