A total of 13 entries During January 2024, the following transactions occur: January 2...
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Accounting
A total of 13 entries
During January 2024, the following transactions occur: January 2 Purchase rental space for one year in advance, $6,900 ( $575 per month). January 9 Purchase additional supplies on account, $3,800. January 13 Provide services to customers on account, $25,800. January 17 Receive cash in advance from customers for services to be provided in the future, $4,000. January 20 Pay cash for salaries, $11,800. January 22 Receive cash on accounts receivable, $24,400. January 29 Pay cash on accounts payable, $4,300. January 2 Purchase rental space for one year in advance, $6,900 ( $575 per month). January 9 Purchase additional supplies on account, $3,800. January 13 Provide services to customers on account, $25,800. January 17 Receive cash in advance from customers for services to be provided in the future, $4,000. January 20 Pay cash for salaries, $11,800. January 22 Receive cash on accounts receivable, $24,400. January 29 Pay cash on accounts payable, $4,300. The following information is available on January 31. a. Rent for the month of January has expired. . Supplies remaining at the end of January total $3,100. c. By the end of January, $3,425 of services has been provided to customers who paid in advance on January 17. d. Unpaid salaries at the end of January are $5,590. Prepare the journal entries for transactions. Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the firs Journal entry worksheet Record the adjusting entry for rent. Record the adjusting entry rent for the month of January has expired. Note: Enter debits before credits
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