Do not give answer in image On December 12, 2020, the furnace went out in the offices of Lambert & Sons Law Firm. They put in a service call to fix or replace thefurnace. The service call and new furnace system cost the company $8,293. The company received a bill for the furnace repair onDecember 18, 2020, and paid the bill on January 4, 2021. What is (are) the correct journal entry(ies)?ODec. 12, 2021 Miscellaneous ExpenseJan. 4, 2021Cash(purchased furnace system for cash)Dec. 12, 2020 Miscellaneous ExpenseAccounts Payable(purahsed furnance system on account)Accounts PayableJan. 4, 2021Cash(paid cash for furnace system purchased on account)Dec. 18, 2020 Miscellaneous ExpenseAccounts Payable(purcahsed furnace system on account)Accounts Payable799 8,293101Cash(paid cash for furnace system purcahsed on account)Jan. 4, 2021 Miscellaneous ExpenseCash(purchased furnace system for cash)8,2938,2938,293799 8,293201201 8,2931018,2938,2938,2938,2938,2938,293

Journal entries means the primary reporting of the business transactions in the books of accounts…

On December 12, 2020, the furnace went out in the offices of Lambert & Sons Law Firm. They put in a service call to fix or replace the furnace. The service call and new furnace system cost the company $8,293. The company received a bill for the furnace repair on December 18, 2020, and paid the bill on January 4, 2021. What is (are) the correct journal entry(ies)? O O Dec. 12, 2021 Miscellaneous Expense Jan. 4, 2021 Cash (purchased furnace system for cash) Jan. 4, 2021 Dec. 12, 2020 Miscellaneous Expense Accounts Payable (purahsed furnance system on account) Accounts Payable Cash (paid cash for furnace system purchased on account) Dec. 18, 2020 Miscellaneous Expense Accounts Payable (purcahsed furnace system on account) Accounts Payable Cash 799 8,293 101 Jan. 4, 2021 Miscellaneous Expense (paid cash for furnace system purcahsed on account) Cash (purchased furnace system for cash) 8,293 8,293 8,293 799 8,293 201 201 8,293 101 8,293 8,293 8,293 8,293 8,293 8,293

On December 12, 2020, the furnace went out in the offices of Lambert & Sons Law Firm. They put in a service call to fix or replace the furnace. The service call and new furnace system cost the company $8,293. The company received a bill for the furnace repair on December 18, 2020, and paid the bill on January 4, 2021. What is (are) the correct journal entry(ies)? O O Dec. 12, 2021 Miscellaneous Expense Jan. 4, 2021 Cash (purchased furnace system for cash) Jan. 4, 2021 Dec. 12, 2020 Miscellaneous Expense Accounts Payable (purahsed furnance system on account) Accounts Payable Cash (paid cash for furnace system purchased on account) Dec. 18, 2020 Miscellaneous Expense Accounts Payable (purcahsed furnace system on account) Accounts Payable Cash 799 8,293 101 Jan. 4, 2021 Miscellaneous Expense (paid cash for furnace system purcahsed on account) Cash (purchased furnace system for cash) 8,293 8,293 8,293 799 8,293 201 201 8,293 101 8,293 8,293 8,293 8,293 8,293 8,293

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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