Journalize the transactions of Roland Foster optical Dispensary. Include an explanation with each journal entry. (Record first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 15 "Accounts & Explanation" Line 1. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 2. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 3. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 4. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 5. Paid cash on account -or- Performed service for customers on account -or- Purchased office supplies on account -or- Received cash on account from customers
Journalize the transactions of Roland Foster optical Dispensary. Include an explanation with each journal entry. (Record first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 15 "Accounts & Explanation" Line 1. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 2. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 3. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 4. Accounts payable -or- Accounts receivable -or- Cash -or- Office expenses -or- Office supplies Line 5. Paid cash on account -or- Performed service for customers on account -or- Purchased office supplies on account -or- Received cash on account from customers
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Journalize the transactions of Roland Foster optical Dispensary. Include an explanation with each journal entry . (Record first, then credits.
Select the explanation on the last line of the journal entry table.)
Mar. 15
"Accounts & Explanation"
Line 1.
Accounts payable
-or-
Accounts receivable
-or-
Cash
-or-
Office expenses
-or-
Office supplies
Line 2.
Accounts payable
-or-
Accounts receivable
-or-
Cash
-or-
Office expenses
-or-
Office supplies
Line 3.
Accounts payable
-or-
Accounts receivable
-or-
Cash
-or-
Office expenses
-or-
Office supplies
Line 4.
Accounts payable
-or-
Accounts receivable
-or-
Cash
-or-
Office expenses
-or-
Office supplies
Line 5.
Paid cash on account
-or-
Performed service for customers on account
-or-
Purchased office supplies on account
-or-
Received cash on account from customers
![Roland Foster Optical Dispensary completed the following transactions during the latter part of March:
Mar. 15
Purchased office supplies on account, $3,400
Mar. 28
Paid $1,800 on account.
Read the requirements.
Requirement 1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits.
Select the explanation on the last line of the journal entry table.)
Mar. 15: Purchased office supplies on account, $3,400.
Date
Accounts and Explanation
Debit
Credit
Mar. 15
Paid cash on account.
Performed service for customers on account.
Purchased office supplies on account.
Received cash on account from customers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8081b1e5-a0c8-4cb5-91f1-53aa25324d41%2F532cc6bc-0fe6-45eb-aa45-3b5de9947cf3%2Fa8nxgt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Roland Foster Optical Dispensary completed the following transactions during the latter part of March:
Mar. 15
Purchased office supplies on account, $3,400
Mar. 28
Paid $1,800 on account.
Read the requirements.
Requirement 1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry. (Record debits first, then credits.
Select the explanation on the last line of the journal entry table.)
Mar. 15: Purchased office supplies on account, $3,400.
Date
Accounts and Explanation
Debit
Credit
Mar. 15
Paid cash on account.
Performed service for customers on account.
Purchased office supplies on account.
Received cash on account from customers.
![i Requirements
1. Journalize the transactions of Roland Foster Optical Dispensary. Include an
explanation with each journal entry.
2. The following T-accounts have been opened for you: Cash (Beginning
Balance of $21,000), Office Supplies, and ACcounts Payable. Post the jourmal
entries from Requirement 1 to the accounts, and compute the balance in
each account.
Print
Done](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8081b1e5-a0c8-4cb5-91f1-53aa25324d41%2F532cc6bc-0fe6-45eb-aa45-3b5de9947cf3%2Fnmfgcrn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:i Requirements
1. Journalize the transactions of Roland Foster Optical Dispensary. Include an
explanation with each journal entry.
2. The following T-accounts have been opened for you: Cash (Beginning
Balance of $21,000), Office Supplies, and ACcounts Payable. Post the jourmal
entries from Requirement 1 to the accounts, and compute the balance in
each account.
Print
Done
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