BM4112: Yeo Legal provides legal services and the following transactions

SOLUTION AT Academic Writers Bay

 Question 1

Yeo Legal provides legal services and the following transactions occurred in July 20X7:

Required:

  • Prepare the journal entries to record the above transactions for the month of July 20X7.
  • Post the above transactions to the Cash Account in the general ledger assuming the opening balance as of 1 July 20X7 was $20,000. Follow the format below to do ing to the Cash Account.

Question 2

Enrich Education Lab provides language enrichment classes to primary school students. It had the following normal account balances as of 1 May 20×9:

Required:

  • Prepare the journal entries to record the above transactions for the month of May 20X9.
  • Post the above transactions to the Cash at Bank Account, Supplies Account and Fees Earned Accounting the general ledger. Follow the format below to do ing.
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