Author Question: On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent - ... (Read 1287 times)

jCorn1234 · **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.

nguyenhoanhat · **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