Unformatted text preview: Oct. 16 Cash bicycle repair revenue for the first half of October, $1,362. Oct. 19 Made payment to McKenna Company, $200. Oct. 31 Cash bicycle repair revenue for the last half of October, $1,310. Oct. 31 Declared and paid cash dividend of $800. Prepare journal entries to record the October transactions in the General Journal below. General Journal Date Description(Account Name) Debit Credit 1-Oct cash 12,000 common stock 12000 issue of common stock 1-Oct prepaid insurance 1200 cash 1200 paid 12 months insurance 1-Oct rent expense 1040 cash 1040 to record rent expense 3-Oct equipment 4400 accounts payable 3800 cash 600 purchase equipment 8-Oct supplies 390 accounts payable 390 purchased supplies on acct...
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- Summer '11
- Accounting, bicycle repair revenue, Cash bicycle repair