Below are individual unrelated transactions from various companies. Record each transaction in the General Journal directly below it.
a) February 14: $1,200 of commissions were earned and collected today by Oppong Corporation.
General Journal
Date Account/Explanation PR Debit Credit
14/Feb Commissions Earned E $1,200
b) May 11: Vision Consulting Inc. received a bill today for this month's utilities; $500. It will be paid within 30 days.
General Journal
Date Account/Explanation PR Debit Credit
11/May Utilities Expense E $500
c) July 16: $1,100 in dividends were declared and paid to the stockholders of the business.
General Journal
Date Account/Explanation PR Debit Credit
16/Jul Dividends Payable E $1,100
d) August 22: Weber Inc. paid this month's $350 utilities bill received today.
General Journal
Date Account/Explanation PR Debit Credit
22/Aug Utilities Expense E $350
e) October 22: Callaho Inc. provided $2,750 of services for a customer who will pay within 30 days.
General Journal
Date Account/Explanation PR Debit Credit
22/Oct Accounts Receivable B $2,750
22/Oct Service Revenue E $2,750
f) October 27: Collected $160 of interest from the bank today.
General Journal
Date Account/Explanation PR Debit Credit
27/Oct Cash E $160
27/Oct Interest Revenue E $160
g) December 24: Kelly Young (a shareholder) received common stock in Star Inc., after investing $20,000 cash and $35,000 worth of equipment in Star Inc.
General Journal
Date Account/Explanation PR Debit Credit
24/Dec Common Stock B $55,000
24/Dec Cash E $20,000
24/Dec Equipment E $35,000