Harper Sales Consultants completed the following transactions during the latter

Question

Harper Sales Consultants completed the following transactions during the latter part of January (Click the icon to view the transactions.) Journalize the transactions of Harper Sales Consultants. Include an explanation with each joumal entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Jan. 22: Performed services for customers on account, $9,500 Date Accounts and Explanation Debit Credit iMore Info Jan. 22 Jan. 22 30 Received cash on account from customers, $9,000 31 Received a utility bill, $200, which will be paid during February. 31 Paid monthly salary to salesman, $1,700. 31 Received $1,470 for three months of consulting service to be performed Performed services for customers on account, $9,500. starting in February. Cash dividends of $1,500 were paid to stockholders 31 Print Done

Explanation / Answer

Harper Sales Corporation

Journal

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Date Accounts and explanation Debit Credit Jan. 22 Accounts receivable 9,500 Service revenue 9,500 (Performed services for customers on account) Jan. 30 Cash 9,000 Accounts receivable 9,000 (Cash received from customers) Ja. 31 Utility expense 200 Utility payable 200 (Utility bill to be paid in February) Jan. 31 Salary 1,700 Cash 1,700 (Salary paid to salesman) Jan.31 Cash 1,470 Unearned revenue 1,470 (Consulting revenue received in advance) Ja. 31 Dividend payable 1,500 Cash 1,500 (Dividend paid to stockholders)

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