The Pet Sitters,Inc.,had the following transactions during the month of January.For each of the transactions,prepare journal entries.
A.Paid $5,000 cash for cat litter,of which $600 was used during January,and $4,400 will be used during February through April.
B.Paid $4,480 for wages and salaries,one-half of which employees had earned in December and one-half of which related to January.
C.Paid $480 in advance for February utilities.
D.Provided $12,000 in services on account.
E.Paid $800 on accounts payable.
F.Received $210 from customers as deposits for future pet sitting services.
G.Obtained $390 in vet services during the month,but will not pay the bill until February.
H.Paid $780 for equipment.
Correct Answer:
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