Prepare journal entries to record purchases office supplies


Create journal entries for each of the following selected transactions.

a. On January 15, Kolby Anderson opens a remodeling company called Fancy Kitchens by investing $75,000 cash along with equipment having a $30,000 value.

b. On January 21, Fancy Kitchens purchases office supplies on credit for $650.

c. On January 25, Fancy Kitchens receives $8,700 cash for performing remodeling services.

d. On January 30, Fancy Kitchens receives $4,000 cash in advance of providing remodeling ser vices to a customer.

 

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Prepare journal entries to record purchases office supplies
Reference No:- TGS02133437

Expected delivery within 24 Hours