Remington Communications has been providing cellular

phone service for several #2268

Remington Communications has been providing cellular phone service for several years. During
November and December 2011, the following transactions occurred:Nov. 2 Remington received
$2,400 for November phone service from Enrico Company.6 Remington purchased $4,750 of
supplies from Technology Associates on account.10 Remington paid $5,250 to its hourly
employees for their weekly wages.15 Remington paid $4,750 to Technology Associates in full
settlement of their account payable.28 Remington paid $2,150 for utilities used during
November.30 Remington received a bill from Monticello Construction for $1,230 for repairs
made to Remington’s loading dock on November 15. Remington plans to pay the bill in early
December.Dec. 10 Remington paid $1,230 to Monticello Construction to settle the repair bill
received on November 30.Required:1. Prepare a journal entry for each of these transactions.2.
Conceptual Connection: What accounting principle did you apply in recording the November 10
transaction?View Solution:
Remington Communications has been providing cellular phone service for several

ANSWER
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