The following journal
entries were prepared by an employee of International Marketing
Company who does not have an adequate knowledge of
accounting.
GENERAL JOURNAL
PAGE 3
Date
Description
Post.
Ref.
Debit
Credit
2019
April
1
Accounts
Payable
14,200
Fees Income
14,200
Performed
services on credit
2
Cash
680
Telephone
Expense
680
Paid for
March telephone service, Check 1917
3
Office
Equipment
8,640
Office
Supplies
980
Cash
10,200
Purchased
file cabinet and office supplies, Check 1918
(Assume that Office Equipment and...