Question

The May transactions of Bramble Corp. were as followsMay 4 Paid $610 due for supplies previously purchased on account.7 Performed advisory services on account for $6,840.8 Purchased supplies for $870 on the account.9 Purchased equipment for $1,930 in cash17 Paid employees $700 in cash22 Received bill for equipment repairs of $80029 Paid $1,280 for 12 months of the insurance policy. Coverage begins JuneJournalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Answer 1

Answer: Please see answers in explanation column

Step-by-step explanation:

a)Journal To record payment due for supplies

Date Account titles Debit Credit

May 4 Accounts Payable $610

Cash $610

(b)Journal To record services on account

May 7 Accounts Receivable $6,840

Service Revenue $6,840

c)Journal To record supplies on account

May 8 Supplies $870

Accounts Payable $870

d)Journal To record equipment purchased for cash

May 9 Equipment $1,930

Cash $1,930

May 17 Journal To record cash paid to employees

Salaries and Wages $700

Cash $700

May 22 Journal To record bill received for for Equipment repairs

Repair and Maintenance $800

To Accounts Payable $800

May 29 Journal to record Prepaid insurance

Prepaid Insurance $1,280

To Cash $1,280