S2-6 Journalizing transactions [10 min] Texas Sales Consultants completed the following transactions during the latter partof January:
January:
- 22 Performed service for customers on account, $8,000.
- 30 Received cash on account from customers, $7,000
- 31 Received a utility bill, $180, which will be paid during February
- 31 Paid monthly salary to salesman, $2,000
- 31 Paid advertising expense of $700.
1. Journalize the transactions of Texas Sales Consultants. Include an explanation with each journal entry.
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