1. Business
  2. Accounting
  3. please answerplease answer...

Question: please answerplease answer...

Question details

Please answerGeo Inc. had the following account balances on January 1, Year2: Accounts Payable Accounts Receivable Cash Common Stock Equlpment Note Payable Retained Earnings S 731 2,400 2,400 20,000 3,300 4,600 4,661 4,900 1,780 Salamies and Wages Expense4 Supplies Required: Prepare jounal entries for each of the following January activities, and post results to the relevant T accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select No Journal Entry Required in the first account fleld.) A. Paid $731 on aunt for utilities that we used during Decembor Year 1 B. Purchased $493 of supplies for cish. C. Signed a rental agreement for office space and paid $8,300 in advance for six months af rent beginning February 1, Year 2 D. Purchased $18,500 of new equipment, signing a promissory note. E. Provided $33,000 of services. $21,000 was recelved in cash and $12,00D was provided on credit. F. Pald workers $7,600 for work done in January. View transaction list Journal entry worksheet Record the payment of $731 on account for Decembers utilities. Note: Enter debits before credits. Debit Credit A. Record entry Clear entry View general journalPlease answer

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution