below, prepare

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...
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Using the box below, prepare Journal entries for the following transactions:
1 On 9/1/17, AFSPA received an invoice of $36,000 for the annual insurance renewal
2 On 9/15/17, cheek is written for # 1 above
3 10/1/17, the monthly amount is expensed for #1 above
4 On 1/4/18, AFSPA received an invoice from Staples in the amount of S3200
5 On 3/5/18 member pays their quarterly dental insurance premium (this is revenue to AFSPA) in the amount of S300
6 On 3/10/18 the check bounces from # 5 above
7 Record the revenue for April #5 above
Date
DR Account name
Cr Account name
Dr
Cr
GL. description (25 characters)
Transcribed Image Text:Using the box below, prepare Journal entries for the following transactions: 1 On 9/1/17, AFSPA received an invoice of $36,000 for the annual insurance renewal 2 On 9/15/17, cheek is written for # 1 above 3 10/1/17, the monthly amount is expensed for #1 above 4 On 1/4/18, AFSPA received an invoice from Staples in the amount of S3200 5 On 3/5/18 member pays their quarterly dental insurance premium (this is revenue to AFSPA) in the amount of S300 6 On 3/10/18 the check bounces from # 5 above 7 Record the revenue for April #5 above Date DR Account name Cr Account name Dr Cr GL. description (25 characters)
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