Current Attempt in Progress: Journalizing July Transactions of Wildhorse Co.

What are the July transactions for Wildhorse Co. based on the given data?

Journalizing July Transactions of Wildhorse Co.

After analyzing the accounts of Wildhorse Co., the July transactions journal entries are as follows: 1. On July 10, received cash of $990 for services provided earlier as unearned revenue.
Accounts Receivable $990
Unearned Service Revenue $990 2. On July 14, rendered services for cash, $4,180.
Cash $4,180
Service Revenue $4,180 3. On July 15, paid salaries and wages of $1,100.
Salaries and Wages Expense $1,100
Cash $1,100 4. On July 20, received cash of $660 as an advance for services to be rendered.
Cash $660
Unearned Service Revenue $660 5. On July 31, paid for supplies, $825.
Supplies $825
Cash $825 6. On July 31, paid salaries and wages of $1,100.
Salaries and Wages Payable $1,100
Cash $1,100 7. On July 31, supplies worth $220 were used.
Supplies Expense $220
Supplies $220 Thus, the journal entries for the month of July for Wildhorse Co. have been recorded.

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