on account Incurned 87 in utlity usage during the year paid

on account Incurned $87 in utlity usage during the year paid $54 in cash and owed the rest on account Air

Solution

Journal Entries :-

S.No.	Particulars	Debits($)	Credit($)
a)	Plant and Equipment A/c Dr.	595
	To Cash A/c		595
b)	Cash A/c Dr.	918
	To Short Term Notes Payable A/c		918
c)	Cash A/c Dr.	11272
	Accounts Receivable A/c Dr.	26950
	To Service Revenue A/c		38222
d)	Accounts Payable A/c Dr.	31974
	To Cash A/c		31974
e)	Inventory A/c Dr.	29549
	To Accounts Payable A/c		29549
f)	Wages Expense A/c Dr.	2600
	To Cash A/c		2600
g)	Cash A/c Dr.	37110
	To Accounts Receivable A/c		37110
h)	Fuel Expense A/c Dr.	720
	To Cash A/c		720
i)	Retained Earnings A/c Dr.	499
	To Dividends Payable A/c		499
j)	Utilities Expense A/c Dr.	87
	To Cash A/c		54
	To Accounts Payable A/c		33