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Home > Education > Homework Help > Finance & Accounting   »   Journal entries

 
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Old Feb 19, 2007, 12:54 PM
Siz
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Journal entries

Hi Can anyone help me with these journal entries?

1. Alli's employee, Jen and John the mechanic began working. Jen earns $1000 each mth plus commissions equal to $750 per car sold by the dealership. John earns $2500 /mth straight salary. The two employees are paid on the fifth day of the mth for the previous month's work.

2.The dealership sold 3 cars to Customer Bert,Erine, and Elmo for $17,000 each. Bert and erine paid cash and Elmo promised to pay in 45 days.

3.Alli closed the books for March

4.Alli paid her employees' salaries and commissions that they earned in march

5.Jen covered the parking lot with ballons costing $150 (cash). The dealership sold 4 cars for $16,000 each. The coustomers paid cash.

6. Alli closed the books for April.

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Old Feb 19, 2007, 06:15 PM   #2  
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