A company has the following transactions during the month of February. February 2 Pay $610 for radio advertising for February. February 7 Purchase beauty supplies of $1,210 on the account. February 14 Provide beauty services of $2,450 to customers and receive cash. February 15 Pay employee salaries for the current month of $810. February 25 Provide beauty services of $910 to customers on account. February 28 Pay utility bill for the current month of $210.
Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense

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22-05-2020
Business

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A company has the following transactions during the month of February. February 2 Pay $610 for radio advertising for February. February 7 Purchase beauty supplies of $1,210 on the account. February 14 Provide beauty services of $2,450 to customers and receive cash. February 15 Pay employee salaries for the current month of $810. February 25 Provide beauty services of $910 to customers on account. February 28 Pay utility bill for the current month of $210.
Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense

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ladeitan ladeitan · Answer 1 · 2020-05-26T03:06:10+02:00

Answer:

Please see the required journals below.

Explanation:

February 2 Pay $610 for radio advertising for February.

Debit Advertising Expense $610

Credit Cash $610

February 7 Purchase beauty supplies of $1,210 on the account.

Debit Supplies $1,210

Credit Accounts Payable $1,210

February 14 Provide beauty services of $2,450 to customers and receive cash.

Debit Cash $2,450

Credit Service Revenue $2,450

February 15 Pay employee salaries for the current month of $810.

Debit Salaries Expense $810

Credit Cash $810

February 25 Provide beauty services of $910 to customers on account.

Debit Accounts receivable $910

Credit Service Revenue $910

February 28 Pay utility bill for the current month of $210.

Debit Utilities Expense $210

Credit Cash $210

ayoogunyemi ayoogunyemi · Answer 2 · 2020-05-26T03:46:37+02:00

Answer:

Explanation:

Date Account Title Dr Cr

February 2 Advertising expenses 610

Cash 610

February 7 Supplies 1210

Account payable 1210

February 14 Cash 2450

Service revenue 2450

February 15 Salaries expenses 810

Cash 810

February 25 Accounts receivable 910

Service revenue 910

February 28 Utilities expenses 210

Cash 210