List the GL entries, accounting homework help
;List the GL entries (debit and credit) for the following items – list debit/credit (in 6 character format – all GL accounts) for each date listed. ;
1) On January 2, 2015, an agency decides to order $2,000 of office supplies. ; The agency has made firm orders for specific vendors. The amounts total $2,000. ; There are no advances. ; What is the GL entry when the agency signs the order (but has not yet received the supplies), ;
OUR PROCESS
Order
Payment
Writing
Delivery
Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality
2) On February 2, 2015, the agency receives the goods – the goods are considered expenses, and are not considered personal or real property (or inventory). ; What is the GL entry?
3) ;On February 27, 2015, the vendor receives payment for the goods. ;
How did the vendor (likely) receive payment? ; Who actually paid the vendor, in most cases? ; What is the GL entry?