Chapter 2 Homework #6
Jan. 22: Performed services for customers on account, $10,500. Date: Accounts Receivable: Service Revenue:
Date: Jan. 22 Accounts Receivable (Debit): 10,500 Service Revenue (Credit): 10,500 Performed service for customers on account.
Jan. 30: Received cash on account from customers, $5,000. Date: Cash: Accounts Receivable:
Date: Jan. 30 Cash (Debit): 5,000 Accounts Receivable (Credit): 5,000 Received cash on account from customers.
Jan. 31: Received $2,025 for three months of consulting service to be performed starting in February. Date: Cash: Unearned Revenue:
Date: Jan. 31 Cash (Debit): 2,025 Unearned Revenue (Credit): 2,025 Received three months consulting services in advance.
Jan. 31: Cash dividends of $1,200 were paid to stockholders. Date: Dividends: Cash:
Date: Jan. 31 Dividends (Debit): 1,200 Cash (Credit): 1,200 Payment of cash dividends.
Jan. 31: Paid monthly salary to the salesman, $2,200. Date: Salaries Expense: Cash:
Date: Jan. 31 Salaries Expense (Debit): 2,200 Cash (Credit): 2,200 Paid monthly salary to the salesman.
Jan. 31: Received a utility bill, $200, which will be paid during February. Date: Utilities Expense: Utilities Payable:
Date: Jan. 31 Utilities Expense (Debit): 200 Utilities Payable (Credit): 200 Received a utility bill due in February.