Question

A company has the following transactions during the month of February. February 2 Pay $610 for radio advertising for February. February 7 Purchase beauty supplies of $1,210 on the account. February 14 Provide beauty services of $2,450 to customers and receive cash. February 15 Pay employee salaries for the current month of $810. February 25 Provide beauty services of $910 to customers on account. February 28 Pay utility bill for the current month of $210.
Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense

Answer 1

Answer:

Please see the required journals below.

Explanation:

February 2 Pay $610 for radio advertising for February.

Debit Advertising Expense $610

Credit Cash $610

February 7 Purchase beauty supplies of $1,210 on the account.

Debit Supplies $1,210

Credit Accounts Payable $1,210

February 14 Provide beauty services of $2,450 to customers and receive cash.

Debit Cash $2,450

Credit Service Revenue $2,450

February 15 Pay employee salaries for the current month of $810.

Debit Salaries Expense $810

Credit Cash $810

February 25 Provide beauty services of $910 to customers on account.

Debit Accounts receivable $910

Credit Service Revenue $910

February 28 Pay utility bill for the current month of $210.

Debit Utilities Expense $210

Credit Cash $210

Answer 2

Answer:

Explanation:

Date                  Account Title                       Dr             Cr

February 2      Advertising expenses         610

                            Cash                                                    610

February 7           Supplies                           1210

                         Account payable                                   1210

February 14        Cash                                    2450

                           Service revenue                                   2450

February 15        Salaries expenses                810

                                  Cash                                                  810

February 25        Accounts receivable        910

                              Service  revenue                                   910

February 28          Utilities expenses           210

                                     Cash                                                 210