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5 October, 16:19

Sun Devil Hair Design has the following transactions during the month of February.

February 2 February 7 February 14 February 15 February 25 February 28 Pay $700 for radio advertising for February. Purchase beauty supplies of $1,300 on account. Provide beauty services of $2,900 to customers and receive cash. Pay employee salaries for the current month of $900. Provide beauty services of $1,000 to customers on account. Pay utility bill for the current month of $300.

Record each transaction. Sun Devil uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense.

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  1. 5 October, 19:39
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    The journal entry for each transaction is given below.

    Pay $700 for radio advertising for February.

    Debit Advertising Expense $ 700

    Credit Cash $ 700

    Purchase beauty supplies of $1,300 on account.

    Debit Supplies $ 1,300

    Credit Accounts Payable $ 1,300

    Provide beauty services of $2,900 to customers and receive cash.

    Debit Service Revenue $ 2,900

    Credit Cash $ 2,900

    Pay employee salaries for the current month of $900.

    Debit Salaries Expense $ 900

    Credit Cash $ 900

    Provide beauty services of $1,000 to customers on account.

    Debit Accounts Receivable $ 1,000

    Credit Service Revenue $ 1,000

    Pay utility bill for the current month of $300.

    Debit Service Revenue $ 300

    Credit Cash $ 300
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