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Showing posts with label StepAside Corporation. Show all posts
Showing posts with label StepAside Corporation. Show all posts

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