Current Attempt in Progress: Journalizing July Transactions of Wildhorse Co.
What are the July transactions for Wildhorse Co. based on the given data?
Journalizing July Transactions of Wildhorse Co.
Accounts Receivable $990
Unearned Service Revenue $990 2. On July 14, rendered services for cash, $4,180.
Cash $4,180
Service Revenue $4,180 3. On July 15, paid salaries and wages of $1,100.
Salaries and Wages Expense $1,100
Cash $1,100 4. On July 20, received cash of $660 as an advance for services to be rendered.
Cash $660
Unearned Service Revenue $660 5. On July 31, paid for supplies, $825.
Supplies $825
Cash $825 6. On July 31, paid salaries and wages of $1,100.
Salaries and Wages Payable $1,100
Cash $1,100 7. On July 31, supplies worth $220 were used.
Supplies Expense $220
Supplies $220 Thus, the journal entries for the month of July for Wildhorse Co. have been recorded.