Record the general journal entries for the following transactions for Stuart Corporation for 2016.
1)Performed services for $26,000 cash.
2)Purchased $800 of office supplies on account.
3)Purchased land for $95,000 cash.
4)Paid salary expense of $16,500.
5)Paid for $600 of the supplies purchased in event 2.
6)Collected $15,000 in advance for services to be provided over the next 12 months.
7)Recognized $10,000 of revenue on the contract from event 6.
8)Accrued $5,500 of salary expense.

Question

Quizplus · Accepted Answer

The Answer of Record the general journal entries for the following transactions for Stuart Corporation for 2016.
1)Performed services for $26,000 cash.
2)Purchased $800 of office supplies on account.
3)Purchased land for $95,000 cash.
4)Paid salary expense of $16,500.
5)Paid for $600 of the supplies purchased in event 2.
6)Collected $15,000 in advance for services to be provided over the next 12 months.
7)Recognized $10,000 of revenue on the contract from event 6.
8)Accrued $5,500 of salary expense.

Record the General Journal Entries for the Following Transactions for Stuart