Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jul 2017 My Price 7.00

Remington Communications

Remington Communications has been providing cellular phone service for several years.
During November and December 2009, the following transactions occurred:
Nov. 2 Remington received $1,200 for November phone service from Enrico Company.
6 Remington purchased $5,800 of supplies from Technology Associates on account.
10 Remington paid $4,250 to its hourly employees for their weekly wages.
15 Remington paid $5,800 to Technology Associates in full settlement of their account payable.
18 Remington purchased and used supplies of $2,150.
21 Remington received a bill from Monticello Construction for $900 for repairs made to Remington’s loading dock on November 15.
Remington plans to pay the bill in early December, when it is due.
Dec. 4 Remington paid the $900 to Monticello Construction.

Required:
1. Prepare a journal entry for each of these transactions.
2. What accounting principle did you apply in recording the November 10 transaction?

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jul 2017 03:07 PM My Price 7.00

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