Financial Journal Question...EASY 10 POINTS!?
Received $15,000 from the Multnomah County Department
Paid Insurance company $9,000
Paid Arts and crafts company $3,000
Transferred temporarily restricted funds I the amount of $3,000 from investments to pay for additional supplies
Paid Oregon sporting goods $5,000 for additional recreational equipment
Received fee from parents in the amount of $40,000
Ro account for $1750 in fees from parents fees earned in the second six months of operations, but collected in the second six months.
To account for $3,00 in parent fees earned in the second six months of operations, but collected in the second six months
To account for $3,000 I parent fees earned in the second six months of operations but not yet collected.
To account for expenses in the amount of $1500 incurred during the first six mo nhts of operations but paid in the second six months.
Paid Portland gas and electric company $7,500 for utilities.
Paid salaries and employee related expenses in the amount of $55,000
Paid Pacific Bell Telephone company $750 for telephone services
To expense prepaid insurance in the amount of $9,000.
To expense arts and crafts supplies in the amount of $2,000
That is a list of the transactions for the Portaland After School Program for the second six monhts of operations. Prepare the journal entries for each transaction including an identification of the t-accounts that will be debited and credit for each.
REMINDER! If you don't have anything nice to say, or you wanna criticize me, DON'T BOTHER ANSWERING! Please help me. I'm not asking you to do it for me. But if you would, it would be greatly appreciated. I just need a few examples. I read the book but "me no comprende."
haha. thanks everyone!