The Pet Sitters,Inc.entered into the following transactions during the month of January.
A.Purchased supplies for $5,000 cash.
B.Paid $4,480 for salaries and wages for the month of January.
C.Paid $480 in advance for February rent.
D.Provided $12,000 in services on account.
E.Paid $800 on accounts payable.
F.Received $210 from customers as deposits for future pet sitting services.
G.Received a bill for $1,500 from the plumber who repaired a broken pipe in the restrooms,but will not pay the bill until February.
H.Purchased equipment for cash of $780.
Required:
Prepare journal entries to record the transactions identified among activities (A)through (H).

Question

Quizplus · Accepted Answer

The Answer of The Pet Sitters,Inc.entered into the following transactions during the month of January.
A.Purchased supplies for $5,000 cash.
B.Paid $4,480 for salaries and wages for the month of January.
C.Paid $480 in advance for February rent.
D.Provided $12,000 in services on account.
E.Paid $800 on accounts payable.
F.Received $210 from customers as deposits for future pet sitting services.
G.Received a bill for $1,500 from the plumber who repaired a broken pipe in the restrooms,but will not pay the bill until February.
H.Purchased equipment for cash of $780.
Required:
Prepare journal entries to record the transactions identified among activities (A)through (H).