Question

On January 15, 2018, Company B purchased $7,000 of construction supplies, from the Zulu Company. Bravo...

On January 15, 2018, Company B purchased $7,000 of construction supplies, from the Zulu Company. Bravo paid for half of the supplies with cash and the remainder on account. Prepare Bravo Company's compound general journal entry.

On January 15, 2016, Bravo Company paid for $5,500 of construction supplies that had been purchased on account, from the Zulu Company. Prepare Bravo Company's general journal entry (without explanation).

On January 16, 2016, Bravo Company paid the remaining balance owed on construction supplies previously purchased. The original purchase was for $6,000 of which half had been paid for the previous month. Prepare the general journal entry (without explanation) needed for this final payment.

On January 31, 2016, Charlie Company paid employees $4,600 for January wages earned. Prepare the general journal entry (without explanation) needed.

On January 31, 2016, Bravo Company paid company shareholders $3,000 in dividends. Prepare the general journal entry (without explanation) needed.

On January 2, 2016, Delta Company paid $2,500 in advance for February rent. Prepare the general journal entry (without explanation) needed.

On January 2, 2016, Delta Company paid $3,300 rent. Prepare the general journal entry (without explanation) needed.

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Answer #1
Date Debit Credit
January 15, 2018 Supplies 7000
     Cash 3500
     Accounts Payable 3500
January 15, 2016 Accounts Payable 5500
      Cash 5500
January 16, 2016 Accounts Payable 3000
      Cash 3000
January 31, 2016 Wages expense 4600
      Cash 4600
January 31, 2016 Dividends 3000
      Cash 3000
January 2, 2016 Prepaid rent 2500
      Cash 2500
January 2, 2016 Rent expense 3300
      Cash 3300
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