Prepare journal entries to record the following transactions. a. Purchased $380 of supplies on credit. b. Completed $580 of work for a client on credit. c. Paid $380 cash towards the amount owed from transaction a. d. Completed work for a client and immediately received $880 cash. e. Collected $580 cash for the work previously performed in transaction b. f. Received $1,080 cash in advance from a client for services to be performed next period View transaction list Journal entry worksheet 1 2 3 4 5 6 Purchased $380 of supplies on credit. Note: Enter debits before credits. Date a. General Journal Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare journal entries to record the following transactions.
a. Purchased $380 of supplies on credit.
b. Completed $580 of work for a client on credit.
c. Paid $380 cash towards the amount owed from transaction a.
d. Completed work for a client and immediately received $880 cash.
e. Collected $580 cash for the work previously performed in transaction b.
f. Received $1,080 cash in advance from a client for services to be performed next period
View transaction list
Journal entry worksheet
<
1
2
3 4 5 6
Purchased $380 of supplies on credit.
Note: Enter debits before credits.
Date
a.
General Journal
Debit
Credit
Transcribed Image Text:Prepare journal entries to record the following transactions. a. Purchased $380 of supplies on credit. b. Completed $580 of work for a client on credit. c. Paid $380 cash towards the amount owed from transaction a. d. Completed work for a client and immediately received $880 cash. e. Collected $580 cash for the work previously performed in transaction b. f. Received $1,080 cash in advance from a client for services to be performed next period View transaction list Journal entry worksheet < 1 2 3 4 5 6 Purchased $380 of supplies on credit. Note: Enter debits before credits. Date a. General Journal Debit Credit
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