On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent, $2,300 Payment to Gas & Electric Company for August bill, $525 Payment of employee wages for the last half of August, $1,750 Payment of shopping center's parking lot cleaning fee, $275 Journalize these payments as one journal entry.

Question

Mylee Church

Business

30 December, 21:28

On August 30, JumpStart incurred the following expenses: Payment to the landlord for August rent, $2,300 Payment to Gas & Electric Company for August bill, $525 Payment of employee wages for the last half of August, $1,750 Payment of shopping center's parking lot cleaning fee, $275 Journalize these payments as one journal entry.

+5

Answers (1)

Know the Answer?

Cailyn Bolton · Answer 1

The expenses would be debited and the cash would be credited as the cash is going out of pocket.

Date Account title and explanation Debit Credit

30 August Rent expense $2300

Gas & Electric expense $525

Wages of an employee expense $1750

Cleaning fee $275

Cash account $4850

Thus, this entry would be passed by JumpStart on August 30.