Journalizing Transactions Remington Communications has been providing cellular phone service for several years. During November and December, the following transactions occurred: Nov. 2 Remington received $2,200 for November phone service from Enrico Company. 6 Remington purchased $3,865 of supplies from Technology Associates on account. 10 Remington paid $6,220 to its hourly employees for their weekly wages. 15 Remington paid $3,865 to Technology Associates in full settlement of its account payable. 28 Remington paid $1,950 for utilities used during November. 30 Remington received a bill from Monticello Construction for $1,630 for repairs made to Remington's loading dock on November 15. Remington plans to pay the bill in early December. Dec. 10 Remington paid $1,630 to Monticello Construction to settle the repair bill received on November 30.

Journalizing Transactions Remington Communications has been providing cellular phone service for several years. During November and December, the following transactions occurred: Nov. 2 Remington received $2,200 for November phone service from Enrico Company. 6 Remington purchased $3,865 of supplies from Technology Associates on account. 10 Remington paid $6,220 to its hourly employees for their weekly wages. 15 Remington paid $3,865 to Technology Associates in full settlement of its account payable. 28 Remington paid $1,950 for utilities used during November. 30 Remington received a bill from Monticello Construction for $1,630 for repairs made to Remington's loading dock on November 15. Remington plans to pay the bill in early December. Dec. 10 Remington paid $1,630 to Monticello Construction to settle the repair bill received on November 30.

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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