Description
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a. |
Cash |
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b. |
Salaries Expense |
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c. |
Accounts payable |
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Prepaid Expenses |
Unformatted Attachment Preview
Newton & Associates
Use the following five transactions for Newton & Associates, Inc. to answer the question(s).
May 1
Bills are sent to clients for services provided in April in the
amount of $800.
9 City Office, Inc. delivers office furniture ($1,060) and office supplies ($160)
to Newton leaving an invoice for $1,220.
15 Payment is made to City Office, Inc. for the furniture and office supplies
delivered on May 9.
23 A bill for $430 for electricity for the month of April is received and will be
paid on its due date in June
31 Salaries of $850 are paid to employees.
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