The following transactions took place during the month of December;
Dec. 5 Received a check for $30 representing interest due on marketable securities.
Interest Receivables $30 DR
Interest Income $30 CR
Is this correct?:
Dec.19 Received $125 from clients on account.
Cash $125 DR
Accounts Receivables $125 CR
Is this correct?
Dec.22 Invested another $1,000 in high-grade marketable securities.
Marketable Securities $1,000 DR
Cash $1,000 CR
Is this correct?
Dec.23 Received a check from Fender shop for $150, payment on account.
Cash $150 DR
Accounts Receivables $150 CR
Is this correct?
Dec.30 Wrote off $100 of prepaid rent as of November 30 to rent expense for December.
Pre-paid Rent $100 DR not sure if it's correct and don't know which account to credit.
Help.
Dec.31 Unexpired insurance premiums amounted to $1,800 as of December 31.
Insurance Expense $1,800 Dr
Pre-paid Insurance $1,800 CR
Is this correct?
I really appreciate any help I can get.
Thanks,
Dell