Question Details

(Solution) - Hammerton Autos a used car dealer has a December 31 year end

Brief item decscription

Solution download

Item details:

Hammerton Autos, a used-car dealer, has a December 31 year-end date. For Hammerton, the following transactions occurred during the first 10 days of August:
a. Hammerton purchased, on credit, space for classified advertisements in the Chicago Tribune for $2,680. The advertising was run the day the space was purchased.
b. Hammerton purchased office supplies from Office Depot on credit in the amount of $250.
c. One of Hammerton?s sales staff sold a car. The salesperson?s commission is $1,100. The commission will be paid September 10. (Note: Concern yourself only with the commission.)
d. The electric bill for July was received. The bill is $6,500 and is due August 15.
e. A $420 bill from Carey Alignment services was received. Carey had repaired 10 cars for Hammerton in late July. The payment is due August 20.

Prepare journal entries for the above transactions.


About this question:

This question was answered on: Jul 11, 2017

PRICE: $15 (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now