On August 31, Worthy made a $900 cash withdrawal from the company for personal use.The correct journal entry is:
A. Dr. Jasmine Worthy, Capital 900 Cr. Cash 900
B. Dr. Miscellaneous expense 900 Cr. Cash 900
C. Dr. Jasmine Worthy, Drawing 900 Cr. Cash 900
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On August 31, cash received from services provided during the second half of August was $930.The correct journal entry is:
A. Dr. Cash 930 Cr. Fees earned 930
B. Dr. Cash 930 Cr. Sales 930
C. Dr. Accounts receivable 930 Cr. Fees earned 930
On August 17, it paid $125 cash to an assistant as wages for hours worked during the opening of the business.The correct journal entry is:
A. Dr. Accrued expense 125 Cr. Wages payable 125
B. Dr. Wages expense 125 Cr. Wages payable 125
C. Dr. Wages expense 125 Cr. Cash 125
On August 15, it provided $100 of hair-cutting services on account.The correct journal entry is:
A. Dr. Cash 100 Cr. Fees earned 100
B. Dr. Accounts receivable 100 Cr. Fees earned 100
C. Dr. Accounts receivable 100 Cr. Sales 100
Expressions opened for business on August 5. On August 15, Cash received from hair-cutting services in the first week and a half of business was $825.The correct journal entry is:
A. Dr. Cash 825 Cr. Fees earned 825
B. Dr. Cash 825 Cr. Sales 825
C. Dr.Accounts receivable 825 Cr. Fees earned 825