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Romashka [77]
3 years ago
13

The following purchase transactions occurred during August for Elegance Catering Service: Aug. 4 Purchased cleaning supplies for

$79, on account from Innovation Supplies. Aug 19 Purchased office equipment for $4,900, on account from Office Warehouse. Aug 23 Purchased cleaning supplies for $209, on account from Rubble Supplies. Record these transactions (in chronological order) in the following purchases journal. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required".
Business
1 answer:
PtichkaEL [24]3 years ago
3 0

Answer:

                                                      Debit                     Credit

Aug 4   Cleaning Supplies                79

            Accounts payable                                               79

            (Innovation Supplies)  

Aug 19   Office Equipment                 4900

             Accounts Payable                                         4900

            (Office Warehouse)

Aug 23    Cleaning Supplies               209

                Accounts Payable                                    209

                 ( Rubble Supplies)

Explanation:

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On August 1 of Year 1 Accounting Associates (AA) collected $1,200 cash for consulting services to be provided for one year begin
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Answer:

c) Unearned Revenue $ 500, Revenue $ 500

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When the cash was received on August 01, no accounting services were provided so the  entry would have been:

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Answer:

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