The May transactions of Concord Corporation were as follows. May 4 Paid $860 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,490. 8 Purchased supplies for $840 on account. 9 Purchased equipment for $1,940 in cash. 17 Paid employees $500 in cash. 22 Received bill for equipment repairs of $810. 29 Paid $1,190 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions.
The May transactions of Concord Corporation were as follows. May 4 Paid $860 due for supplies previously purchased on account. 7 Performed advisory services on account for $7,490. 8 Purchased supplies for $840 on account. 9 Purchased equipment for $1,940 in cash. 17 Paid employees $500 in cash. 22 Received bill for equipment repairs of $810. 29 Paid $1,190 for 12 months of insurance policy. Coverage begins June 1. Journalize the transactions.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The May transactions of Concord Corporation were as follows.
| May 4 | Paid $860 due for supplies previously purchased on account. | |
| 7 | Performed advisory services on account for $7,490. | |
| 8 | Purchased supplies for $840 on account. | |
| 9 | Purchased equipment for $1,940 in cash. | |
| 17 | Paid employees $500 in cash. | |
| 22 | Received bill for equipment repairs of $810. | |
| 29 | Paid $1,190 for 12 months of insurance policy. Coverage begins June 1. |
Journalize the transactions.
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