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Friday, October 9, 2015

The May transactions of StepAside Corporation were as follows

E3-9 The May transactions of StepAside Corporation were as follows.

May 4 Paid $700 due for supplies previously purchased on account.
7 Performed advisory services on account for $6,800.
8 Purchased supplies for $850 on account.
9 Purchased equipment for $1,000 in cash.
17 Paid employees $530 in cash.
22 Received bill for equipment repairs of $900.
29 Paid $1,200 for 12 months of insurance policy. Coverage begins June 1.

Instructions
Journalize the transactions. Do not provide explanations.

Click here for the solution: The May transactions of StepAside Corporation were as follows