Prepare journal entries to record the following transactions for the month of July:- on first day of the month, paid rent for current month, $2,000 on tenth day of month, paid prior month balance due on accounts, $3,100 on twelfth day of month, collected cash for services provided, $5,500 on twenty-first day of month, paid salaries to employees, $3,600 on thirty-first day of month, paid for dividends to shareholders, $800

Prepare journal entries to record the following transactions for the month of July:- on first day of the month, paid rent for current month, $2,000 on tenth day of month, paid prior month balance due on accounts, $3,100 on twelfth day of month, collected cash for services provided, $5,500 on twenty-first day of month, paid salaries to employees, $3,600 on thirty-first day of month, paid for dividends to shareholders, $800

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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am.101.
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