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Budgeting & Journal Entries

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I have to create journal entries in complete order for my accounting capstone class. I have attached the information and a template.;Attachments Preview;Journal_Entries.pdf Download Attachment;AC2799: Week 3 Budgeting & Journal Entries;Exercise 3.1;Journal Entries;Journal entries;12/6;Sales of 10 trees for $1,400--- cash and carry;Paid insurance bill for one year policy effective 12/1 for $1,200******* will need adjusting entry;12/10;Received $4,000 for work to be done over approximately four months;Sales of $10,000, $6,000 in cash, rest on account;Sale on account of 12/5 pays $500;12/11;Paid full amount due on AP of 12/5;Paid wages of $8,200, includes tax paymentwages done by ADP;Sales of 75 trees @ 250 each, 25 yards mulch @ $50 each, $20,000, paid in cash;Purchase 1500 yards of mulch for $30,000 on account;12/15;Sales of 11 bushes for $1,100, paid in cash;Fuel expense of $1,300;Purchased office supplies for $125 on account;12/18;Sales of $9,000, $5,000 in cash, rest on account;Paid for newspaper ad - $800;Rented equipment - $150;12/22;Sales of $14,000, $4,000 in cash, rest on account;Paid for repair of truck - $450;Installation revenue collected - $2,500;12/23;Sales of $14,000, on account;Purchased 1000 bushes for $30,000 on account;Fuel expense paid of $2,100;Paid phone bill of $200;Bank fees of $320;12/26;Sales of 10 yards of mulch for $500, paid in cash;Paid $300 principle payment and $50 interest on Long term note due 12/31;Repaired Building front door - $1,000 on account;Sales of $29,000, on account;12/27;Paid wages of $7,450, includes tax paymentwages done by ADP;Paid November sales tax of $6,200;1;AC2799: Week 3 Budgeting & Journal Entries;Exercise 3.1;Journal Entries;Journal entries;Installation revenue paid - $2,500;2;View Full Attachment;week3exercise1.xlsx Download Attachment;Journal;ACCOUNTS AND;EXPLANATIONS;DATE;POST.;REF.;Dec;1;DEBIT;CREDIT;View Full Attachment

 

Paper#19395 | Written in 18-Jul-2015

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