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Homework answers / question archive / PART 2: Open Questions Question 1: Adjusting Entries Please journalize the transactions below
PART 2: Open Questions Question 1: Adjusting Entries Please journalize the transactions below. Each transaction is 5 points. Total 40 points. Company A is a consulting service company that started its operations on January 2020. All the adjusting entries of the company are prepared on monthly basis. During January the below transactions occurred. Please joumalize the transactions on the General Journal Below. January 1*: The owner of the company invested $50.000 as capital January 1*: Company A purchased some office equipment for $10.000 January 2nd Company A provided some services to Coca-Cola for $2.000. Coca-Cola will make the payment at the beginning of February January 4th. Pepsi paid in advance $5.000 for the services that Company A will offer in March 2020. January 10th: The gasoline expense for the first 10 days was $50. Company A paid in cash January 15th: Company A purchased some office supplies for $400. The payment will be made on May 2020 January 31": Company A paid the salaries for $4000 with cash. Date Account Tittle Debit Credit
