Create journal entries for each transaction

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Reference no: EM136106

1.为每次交易创建日记帐分录。

2. Using the journal entries as a guide, show whether every transaction would be handled as revenue or an expense using both the cash and accrual by completing the table provided.

3. After completing the table, determine the amount of net income or net loss for Jacks catering under the cash and accrual basis for May.

4.考虑您的结果?哪种方法提供了杰克餐饮真正收入的最佳图片?为什么

1. Prepaid rent for three months, 1200.00

2.付费费用,$ 400

3. Received cash for meals served to customers, $2300

4.厨房设备的付费现金$ 4500

5. Served a banquet on account, $3200

6.进行租金调整条目(从5月1日起)

7. Accrued salary expense $1700

8. 5月在厨房设备上记录的折旧,$ 75

Reference no: EM136106

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