Question B: prepare the journal enteries for the month of july and post them to...
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Accounting
Question B: prepare the journal enteries for the month of july and post them to appropriate general ledger accounts
Jul 1 The owner invested $9,200 cash into the business Jul 2 Received $2,200 cash for work that will be provided in August Jul5 Received an advertising bill for $710 which will be paid next month. Jul a Paid the July telephone bill for $110 cash. Jul 10 Provided $8,800 worth of services to customers who will pay later. Jul 14 Purchased equipment with $7,600 cash. Jul 20 Received $2,290 in payment from customers paying their accounts. Jul 22 Paid $1,710 towards accounts payable. Jul 24 Paid $1,000 toward principal of the bank loan. Jul 28 Paid $2,500 cash for an employee's salary fall of this salary was earned in July). Jul 30 The owner withdrew $2,100 cash for personal use. Jul 31 One month of prepaid insurance worth $83 has been used. Jul 31 Monthly depreciation on the equipment was $800 Jul 31 Unearned revenue worth $480 has now been earned. Jul 31 interest of $110 has accrued on the bank loan. Jul 31 Accrued salary expense of $440 for an employee. At the end of July, the following adjustment had to be journalized to properly report the balances of the company's accounts
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