News or Journal Article Review
February 7, 2021
Book Review that equals no more than 2 pages
February 7, 2021

The Case of Sams Company

Prepare journal entries in the Excel Template provided for you. Be sure all dates agree with the problem and are not today’s date:

For 6/1/2015:

For 6/3/2015:

  • Buys for cash furniture and equipment from Weiss for $50,000.
  • For the description, write: For furniture and equipment from Weiss

For 6/10/2015:

  • Deposit the amount of $40,000 from Pat B for Consulting Revenue
  • For the description, write: Work completed on 6/10/15 for Pat B

For 6/20/2015:

  • Pay Wans for $5,000 for purchase of supplies
  • For the description, write: For purchase of supplies from Wansi

For 6/30/2015:

  • Deposit the amount of $120,000 from Bill Mak for Consulting Revenue
  • For the description, write: Work completed on 6/30/2015 for Bill Mak

For 6/30/2015:

  • Pay #1 Employee $3,000
  • For the description, write: Payroll expense to #1 Employee for month of June 2015

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