question accounting prepare the following journal entries important be sure to use p 4305647

question accounting prepare the following journal entries important be sure to use p 4305647

Question

Accounting: Prepare the following Journal Entries

IMPORTANT: Be sure to use proper form to earn full credit.

1. On June 13, 2012 supplies in the amount of $560 were purchased on credit. On June 30, 2012 the invoice was received and paid. 2. An insurance policy was paid in full on January 31, 2011 in the amount of $56,000. The policy term is January 1, 2011 December 31, 2011 3. On May 31, 2008, Merchandise was sold on account for $6,700. On June 2, 2008 half of the amount was collected.

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