Journalize the transactions:

The November transactions were as follows:
1-Nov Purchased an insurance policy for 600 cash.
19 Billed customers for services performed in November, $7,350.
21 Paid $2,150 to creditors for accounts due.
27 Received $2,200 from customers for accounts due.
30 Paid employee November salaries of $1,900.
Other information:
30 On November 30th, adjusting entries were prepared using the following information.
a) The insurance policy purchased on November 1st was for 1 year.
b) Supplies on hand were 650.
c) 1,900 of services associated with the unearned revenues account had been
performed during November.

Quote:

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Originally Posted by Amo0na

Journalize the transactions:

The November transactions were as follows:
1-Nov Purchased an insurance policy for 600 cash.
19 Billed customers for services performed in November, $7,350.
21 Paid $2,150 to creditors for accounts due.
27 Received $2,200 from customers for accounts due.
30 Paid employee November salaries of $1,900.
Other information:
30 On November 30th, adjusting entries were prepared using the following information.
a) The insurance policy purchased on November 1st was for 1 year.
b) Supplies on hand were 650.
c) 1,900 of services associated with the unearned revenues account had been
performed during November.

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