Exercise 2-15 (Algo) Analyzing and journalizing transactions involving cash payments LO A1 Following are the transactions for Valdez Services. a. The company paid $8,000 cash for payment on a 1-month-old account payable for office supplies. b. The company paid $1,100 cash for the just completed two-week salary of the receptionist. c. The company paid $42,000 cash for equipment purchased. d. The company paid $800 cash for this month's utilities. e. The company paid a $10,500 cash dividend to the owner (sole shareholder). 1. Prepare general journal entries for the above transactions of Valdez Services. Match rans
Exercise 2-15 (Algo) Analyzing and journalizing transactions involving cash payments LO A1 Following are the transactions for Valdez Services. a. The company paid $8,000 cash for payment on a 1-month-old account payable for office supplies. b. The company paid $1,100 cash for the just completed two-week salary of the receptionist. c. The company paid $42,000 cash for equipment purchased. d. The company paid $800 cash for this month's utilities. e. The company paid a $10,500 cash dividend to the owner (sole shareholder). 1. Prepare general journal entries for the above transactions of Valdez Services. Match rans
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter2: The Accounting Information System
Section: Chapter Questions
Problem 39E: Exercise 2-39 Transaction Analysis OBJECTIVE e The following events occurred for Parker Company....
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