question match the correct journal entry from the choices below for thefollowing tra 4293723
Question
Match the correct journal entry from the choices below for thefollowing transactions, by placing the appropriate letter next tothe journal entry.
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A |
Purchased supplies onaccount |
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B |
Paid cash for supplies purchased earlier onaccount |
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C |
Paid cash for five months of rent in advance |
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D |
Purchased Equipment on account |
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E |
Took out a loan, receiving cash from the bank |
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F |
Received cash from customer for consulting servicesrendered during the month |
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G |
Received cash from customer for services expectedto be provided over the next six months |
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H |
Record owner withdrawal |
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Debit Credit
1. ___ Equipment 10,000
Accounts Payable 10,000
2. ___ Cash 20,000
Consulting Revenue 20,000
3. ___ Accounts Payable 1,200
Cash 1,200
4. ___ Owner's Withdrawal 2,000
Cash 2,000
5. ___ Supplies 12,000
Accounts Payable 12,000
6. ___ Prepaid Rent 5,000
Cash 5,000
7.___ Cash 18,000
Loan Payable 18,000
8. ___ Cash 60,000
Unearned Revenue 60,000