Chapter 2, Problem 59BPSB

Problem 2-593 Journalizing Transactions

Monilast Chemicals engaged in the following transactions during December 2019:

Dec 2 Paid rent on office furniture, $1,200.

3 Borrowed $25,030 on a 9-month, 3% note.

7 Provided services on credit. $42,600.

10 Purchased supplies on credit, $2,850.

13 Collected accounts receivable, $20,150.

19 Issued common stock, $50000.

22 Paid employee wages for December. $13,825.

23 Paid accounts payable, $1,280.

25 Provided services for cash, $13,500.

30 Paid utility bills for December, $1,975.

Required:

Prepare a journal entry for each transaction.