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October 21, 2014

Homework Help: Accounting

Posted by Rescueme417 on Monday, November 26, 2012 at 2:21pm.

Journalize the following transactions and omit the explanations.

A. ABC Corporation purchased $15,000 of office furniture by putting $7,000 down in cash and the rest on account on
April 8.
B. The corporation paid $60,000 for a two-year lease on April 19.
C. The corporation had sales of $45,000, of which $35,000 were on account on April 20.
D. The corporation borrowed $25,000 by signing a note payable on April 22.
E. The corporation paid $1,250 on one of its accounts payable on April 26.

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