Reference no: EM131326119
Journal Entries
Prepare the journal entries for the following:
May 3 - Received cash from clients as advanced payment for services to be provided and recorded as unearned fees $4500
5. Received cash from clients on account $2450
9. Paid cash for ad $225
13. Paid for part of debt incurred on April 5 (accounts payable)$640
15. Recorded services provided on account for the period May 1-15 $9180
16. Paid receptionist for 2 weeks salary, including amount owed on April 20, $750 (amount owed $120
17. Recorded cash from cash clients for fees earned May 1-16 $8360
20. Purchased supplies on account $735
21. Recorded services provided on account for May 16-20 $4820
25. Recorded cash from cash clients for fees earned for May 17-23 $7900
27. Received cash from clients on account $9520
28. Paid receptionist for 2 weeks salary $750
30. Paid telephone bill for May $260
31. Paid electric bill for May $810
31. Recorded cash from cash clients for fees earned for May 26-31 $3300
31. Recorded services provided on account for remainder of May $2650
31. Owner withdrew $10,500 for personal use
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: Prepare the journal entries for the following: May 3 - Received cash from clients as advanced payment for services to be provided and recorded as unearned fees $4500.
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