Arthur Industries Entered into the Following Transactions During the Month

question 222

Essay

Arthur Industries entered into the following transactions during the month of June.
A.Purchased supplies for $8,000 cash.
B.Paid $7,168 for salaries and wages for the month of June.
C.Paid $768 in advance for July rent.
D.Provided $19,200 in services on account.
E.Paid $1,280 on accounts payable.
F.Received $336 from customers as deposits for future services.
G.Received a bill for $2,400 from the plumber who repaired a broken pipe in the restrooms,but will not pay the bill until July.
H.Purchased equipment for cash of $1,248.
Required:
Prepare journal entries to record the transactions identified among activities (A)through (H).

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Definitions:

Stare Decisis

A legal principle ensuring that judges are bound to follow precedents set by previous decisions in similar cases.

Administrative Law

Administrative law governs the activities of administrative agencies of government, including rule making, adjudication, or the enforcement of a specific regulatory agenda.

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A government agency is an organization run by the government to carry out specific functions or services following certain regulations.

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