Record the General Journal Entries for the Following Transactions for Stuart

question 58

Essay

Record the general journal entries for the following transactions for Stuart Corporation for 2016.
1)Performed services for $26,000 cash.
2)Purchased $800 of office supplies on account.
3)Purchased land for $95,000 cash.
4)Paid salary expense of $16,500.
5)Paid for $600 of the supplies purchased in event 2.
6)Collected $15,000 in advance for services to be provided over the next 12 months.
7)Recognized $10,000 of revenue on the contract from event 6.
8)Accrued $5,500 of salary expense.

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Definitions:

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