On January 15, 2016, Bravo Company collected $30,000 from a customer, previously billed, for services rendered. Prepare the general journal entry (without explanation) needed
Question
1.On January 15, 2016, Bravo Company collected $30,000 from a customer, previously billed, for services
rendered. Prepare the general journal entry (without explanation) needed. If no entry is required then write “No Entry Required.”
2.On January 15, 2016, Bravo Company purchased $4,000 of construction supplies, on account, from the Zulu Company. Prepare Bravo Company’s general journal entry (without explanation). If no entry is required then write “No Entry Required.”
3.On January 1, 2016, Mr. Bravo formed a new corporate (Bravo Unlimited) by investing $35,000 cash in capital stock. Prepare the general journal entry (without explanation) needed. If no entry is required then write “No Entry Required.”
4.On January 15, 2016, Bravo Company billed a customer for $20,000 of services rendered to be collected at a later date. Prepare the general journal entry (without explanation) needed. If no entry is required then write “No Entry Required.”
5.On January 31, 2016, Charlie Company paid employees $6,500 for January wages earned. Prepare the general journal entry (without explanation) needed. If no entry is required then write “No Entry Required.”
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