DateDec. 1Dec. 1Dec. 1Dec. 4Dec. 8Dec. 12Dec. 15Dec. 17Dec. 23Dec.26Dec.27Dec.28Dec.29Dec.31Dec.31notesSusquehanna Equipment Rental General Journal Dec.1-31, 2009cashaccounts receivable rental fees earnedearn equipment rental feesunexpired insurance cashpurchase a 12-month public-liability insuranceutilities expense accounts payableutiliy bill due in 30 daysaccount payable cashpaid the account payable to Earth Movers, Inc. recorded on Dec.17dividends dividends payabledeclared a dividend of 10 cens per share on 20,000 shares due on Jan.15cash accounts receivablecollect accounts receivable recorded on Dec.15salaries expense cashpaid wages for two weeksaccounts receivable rental fees unearnedreceive rental fees for 15 days of equipmentmaintenance expense accounts payablepurchase repair expense on account. Due in 10 days unearned rental feesreceive advance payment in cash on equipmentsalaries expense cashpaid wages for two weekscash cashpurchase buildings and land from Sharpior Realtyoffice supplies accounts payablepurchase office supplies on credit from Modern Office Co.. Due in 30 dayscashAccount titles and explanationcash capital stockowners invest cash in the business rental equipment notes payable cashpurchase equipment. Paid part in cash; balance payable in one year prepaid rentDrCrDrCr65,0008,400(f)1,50012,000(a)4,0009,6001,000(d)400240,000(c)2,500100,0001,700(b)500(g)1,4002,0008,000 (e)3,700(h)9,080200,0002,00038,000(e)3,700(f)1,50010,400(g)1,400600700(a)4,000(d)400(c)2,500(b)500(h)9,080349,700349,70023,08023,080349,700349,70023,08023,080DateDebitDec.314,000(a)advanced payment used during December (b)interest expense accrued during December on no(e)earned of rental fees paid in advance on Dec.8 (f)earned six days' rental fees on backhoe rented retained earningsdividendsi...
