Ask Question
18 September, 08:56

On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent, $2,300 Payment to Gas & Electric Company for August bill, $525 Payment of employee wages for the last half of August, $1,750 Payment of shopping center's parking lot cleaning fee, $275 Journalize these payments as one journal entry.

+1
Answers (1)
  1. 18 September, 12:33
    0
    The expenses would be debited and the cash would be credited as the cash is going out of pocket.

    Date Account title and explanation Debit Credit

    30 August Rent expense $2300

    Gas & Electric expense $525

    Wages of an employee expense $1750

    Cleaning fee $275

    Cash account $4850

    Thus, this entry would be passed by JumpStart on August 30.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent, $2,300 Payment to Gas & Electric Company ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers