Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations. March 1 - Bills are sent to clients for services provided in February in the amount of $800.
March 9 - Corner Office, Inc. delivers office furniture ($1,060) and office supplies ($160) to Nexium leaving an invoice for $1,220.
March 15 - Payment is made to Corner Office, Inc. for the furniture and office supplies delivered on March 9.
March 23 - A bill for $430 for electricity for the month of March is received and will be paid on its due date in April.
March 31 – Salaries of $850 are paid to employees.
For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

Nexium & Associates Journal entries

March 1

Dr Accounts Receivable800

Cr Service Revenue 800

March 9

Dr Office Furniture1,060

Cr Office Supplies 160

Cr Accounts Payable1,220

March 15

Dr Accounts Payable1,220

Cr Cash1,220

March 23

Dr Electricity Expense430

Cr Accounts Payable430

March 31

Dr Salaries Expense850

Cr Cash850

Explanation:

The details given about Nexium & Associates are straight forward and required no further

adjustment.

Explanation:

Journal to record the five transactions for Nexium and Associates, Inc.

Account Particulars            Debit                     Credit

March 1  

 Accounts Receivable             $800  

 Services Revenue                                                    $ 800  

March 9

Office Furniture                  $1,060  

 Office Supplies                        160  

Accounts Payable                                                       1,220  

March 15.  

Accounts Payable               1,220  

Cash                                                                                 1,220  

March  23.  

 Electricity Expense             $430  

 Accounts Payable                                                      $430  

March 31

Salaries Expense                $850  

 Cash                                                                           $850

answerthe above statement is (true);