Remington Communications has been providing cellular phone service for several years.

During November and December 2009, the following transactions occurred:

Nov. 2 Remington received $1,200 for November phone service from Enrico Company.

6 Remington purchased $5,800 of supplies from Technology Associates on account.

10 Remington paid $4,250 to its hourly employees for their weekly wages.

15 Remington paid $5,800 to Technology Associates in full settlement of their account payable.

18 Remington purchased and used supplies of $2,150.

21 Remington received a bill from Monticello Construction for $900 for repairs made to Remington’s loading dock on November 15.

Remington plans to pay the bill in early December, when it is due.

Dec. 4 Remington paid the $900 to Monticello Construction.

Required:

1. Prepare a journal entry for each of these transactions.

2. What accounting principle did you apply in recording the November 10 transaction?