Question

Presented below is the ledger for Swifty Corporation. Cash No. 101 10/1 5,700 10/4 430 10/10 660 10/12 1,260 10/10 3,600 10/15 250 10/20 450 10/30 470 10/25 2,400 10/31 500 Accounts Receivable No. 112 10/6 900 10/20 450 10/20 500 Supplies No. 126 10/4 430 Equipment No. 157 10/3 3,200 Notes Payable No. 200 10/10 3,600 Accounts Payable No. 201 10/12 1,260 10/3 3,200 Common Stock No. 311 10/1 5,700 10/25 2,400 Dividends No. 332 10/30 470 Service Revenue No. 400 10/6 900 10/10 660 10/20 500 Salaries and Wages Expense No. 726 10/31 500 Rent Expense No. 729 10/15 250 Collapse question Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20

Answer 1

October 1st:

Cash 5,700 debit

Common Stock 5,700 credit

October 10th

Cash 660 debit

Service revenue 660 credit

Cash 3,600 debit

Note payable 3,600 credit

October 20th

accounts receivable 500 debit

service revenue 500 credit

Step-by-step explanation:

journal entries for the transactions that occurred on October 1, 10, and 20

October 1st:

Cash No. 101 10/1 5,700

Common Stock No. 311 10/1 5,700

October: 10/10

Cash No. 101 10/10 660

Cash No. 101 10/10 3,600

Service Revenue No. 400 10/10 660

Notes Payable No. 200 10/10 3,600

October 20th

Accounts Receivable No. 112 10/20 500

Service Revenue No. 400 10/20 500