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Required: a. Prepare journal entries to record the transactions identified among activities (A) through (F). b. Calculate the Net Income. Complete this question by entering your answers in the tabs below.

Required: a. Prepare journal entries to record the transactions identified among activities (A) through (F). b. Calculate the Net Income. Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
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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Daube Industries' operations for the month of October are summarized as follows: A. Provided $9,000 of services in October on account. B. Received $3,800 cash from customers for services provided in October. C. Received $1,900 cash for services to be provided in November. D. Received $3,300 cash from customers on account for services provided in September. E. Paid September's warehouse rental bill on account in the amount of $1,400. F. Received October's warehouse rental bill of $1,000; set it aside to be paid at a later date. Required: a. Prepare journal entries to record the transactions identified among activities (A) through (F). b. Calculate the Net Income. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Transactions A Accounts Receivable Cash Cash Cash Prepaid Rent Rent Expense General Journal Debit Credit
Transcribed Image Text:Daube Industries' operations for the month of October are summarized as follows: A. Provided $9,000 of services in October on account. B. Received $3,800 cash from customers for services provided in October. C. Received $1,900 cash for services to be provided in November. D. Received $3,300 cash from customers on account for services provided in September. E. Paid September's warehouse rental bill on account in the amount of $1,400. F. Received October's warehouse rental bill of $1,000; set it aside to be paid at a later date. Required: a. Prepare journal entries to record the transactions identified among activities (A) through (F). b. Calculate the Net Income. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the transactions identified among activities (A) through (F). (If no entry is required for transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Transactions A Accounts Receivable Cash Cash Cash Prepaid Rent Rent Expense General Journal Debit Credit
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