Journalizing transactions
Texas Sales Consultants completed the following transactions during the latter part of January:
4
|
Jan22 |
Performed service for customers on account, $8,000. |
|
30 |
Received cash on account from customers, $7,000. |
|
31 |
Received a utility bill, $180, which will be paid during February. |
|
31 |
Paid monthly salary to salesman, $2,000. |
|
31 |
Paid advertising expense of $700. |
Requirement
1. Journalize the transactions of Texas Sales Consultants. Include an explanation with each journal entry