1.gillian \'s gandemin signed a lease on july 1st and paid $240,000 in cash. The

Question

1.gillian 's gandemin signed a lease on july 1st and paid $240,000 in cash. The term of lease is 2 years beginning on July 1st Prepare the appropriate journal entries for July 1st and 31st 2 june's jellies purchased supplies for $10,000 cash on June 1st 4,000 work of supplies remained at june's jellies on June 30h Prepare the appropriate journal entries for June 1st and June 30th. 3 cana's cake received a cash advance of $50,000 from rose's restaurants for baking services to be provided in the future. The cash advance was received on April 1st during April cara's provide $30,000 work of services to rose restaurants during April. Prepare the appropriate journal entries for April 1st and 30th, allie;s advertising employees earned $40,000 in September. These wage will be paid with the first payroll in October. Prepare the appropriate journal entry for September 30th

Explanation / Answer

Part 1

Part 2

Part 3

Part 4

No. date account titles and explanation debit credit 1. july 1st Lease 240,000 Cash 240,000 2. july 31st Lease liability 10000 Lease (240000*1/24) 10000

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.