subject
Business, 30.04.2021 20:50 rosieposie27

Described below are accounting-related transactions which might be recorded by a law firm. Several accounts from the company's chart of accounts are also listed below. Using these account titles, record each transaction in proper journal entry format. A written explanation for each journal entry and a date is not required. Just refer to each journal entry by the corresponding letter (A-F). Accounts listed below may be used more than once or not at all. Accounts:
Cash Supplies Expense
Accounts Receivable Wages Payable
Supplies Revenue
Accounts Payable Selling Expense
Unearned Revenue Wage Expense

a. Bills are mailed for legal services provided to customers totaling $225,000; payment is due in 15 days.
b. Customers pay $103,000 for legal services in advance.
c. Employees earn $30,000 of wages, but are only paid $14,000 in the current period. The remaining balance will be paid next month.
d. Office supplies are purchased for $12,500 on account.
e. Payments of $134,000 are received from customers for amounts billed in a transaction A.
f. Supplies have not been used yet, but full payment is made for the supplies purchased in transaction D.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:20
The different concepts in the architecture operating model are aligned with how the business chooses to integrate and standardize with an enterprise solution. in the the technology solution shares data across the enterprise.
Answers: 3
question
Business, 22.06.2019 11:00
What is the correct percentage of texas teachers charged with ethics violations each year?
Answers: 2
question
Business, 22.06.2019 13:40
Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.
Answers: 2
question
Business, 22.06.2019 14:00
Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate
Answers: 1
You know the right answer?
Described below are accounting-related transactions which might be recorded by a law firm. Several a...
Questions
question
History, 17.07.2019 23:00
Questions on the website: 13722367