prettygurl408
Oct 19, 2008, 02:34 PM
I need help to debit or credit these and how to write them as journal entries.
Billy Bob Caroll organized Billy's Video and Invested his savings of $35,240 cash in the business.
Paid $13,500 to Jerry's Contractor for the purchase, delievery, and installation of furniture, fixtures, and equiptment as follows:
Furniture.......$3,300
Fixtures........$4,900
Equiptment...$5,300
Purchased a total of 600 DVDs at a price of $4 per DVD, paying cash. These DVDs will be used as rentals.
Purchased 16 DVD players at a price of $60 per machine, and agreed to pay the entire purchase price in August. These DVD players were acquired for use as rental units.
Signed a contract to service and maintain DVD players owned by Jettrey's Apartments for a twelve month period beginning today. Jeffrey paid the agreed upon amount of $600 per year in cash
Billy Bob Caroll organized Billy's Video and Invested his savings of $35,240 cash in the business.
Paid $13,500 to Jerry's Contractor for the purchase, delievery, and installation of furniture, fixtures, and equiptment as follows:
Furniture.......$3,300
Fixtures........$4,900
Equiptment...$5,300
Purchased a total of 600 DVDs at a price of $4 per DVD, paying cash. These DVDs will be used as rentals.
Purchased 16 DVD players at a price of $60 per machine, and agreed to pay the entire purchase price in August. These DVD players were acquired for use as rental units.
Signed a contract to service and maintain DVD players owned by Jettrey's Apartments for a twelve month period beginning today. Jeffrey paid the agreed upon amount of $600 per year in cash