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Author Question: On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent - ... (Read 1296 times)

jCorn1234

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on: Jul 5, 2018
On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent - 2,300 Payment to the Gas & Electric Company for August's bill  525Payment of employee wages for the last half of August - 1,750Payment of shopping center's parking lot cleaning fee  275 Journalize these payments as one compound journal entry.

Question 2

Which entity establishes financial accounting standards and principles for the federal government?
 
  a. FASB
  b. GASB
  c. FASAB
  d. None of the above.


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nguyenhoanhat

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Aug. 30 Rent Expense 2,300
Utilities Expense 525
Wages Expense 1,750
Maintenance Expense 275
Cash 4,850
Paid expenses.

Answer to Question 2

c


jCorn1234

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
Gracias!

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