Question Details

In the journal provided, prepare journal entries without explanations for the following transactions. Write “no entry” if none is needed




1.	In the journal provided, prepare journal entries without explanations for the following transactions. Write “no entry” if none is needed.

a. Received a $1,850 invoice for this month's rent. Payment will not be made right away.
b. Paid $1,600 for insurance premiums to cover the next six months.
c. The owner, Pat Richards, withdrew $350. 
d. The rent of a is paid.
e. Purchased land for $23,000. The company paid half in cash and issued a promissory note for the other half.

General Journal	Page 1
Date	Description	Post.
Ref.	Debit	Credit
				
				

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