AccountingMan
Nov 22, 2009, 02:35 PM
How would I prepare journal entries for the following?:
1.Recieved and paid a bill from the Bryan Eagle in the amount of $200 for advertising expense. Issued check #306
2.Paid $500 of a $1500 bill for legal services. Issued check #307
3. Cash sales for October amounted to $3000
Credit sales for October amounted to $2300
4.Borrowed $30000 from a Bank signing a 2-year 7.5% note payable
1.Recieved and paid a bill from the Bryan Eagle in the amount of $200 for advertising expense. Issued check #306
2.Paid $500 of a $1500 bill for legal services. Issued check #307
3. Cash sales for October amounted to $3000
Credit sales for October amounted to $2300
4.Borrowed $30000 from a Bank signing a 2-year 7.5% note payable