Anonymous
Apr 7
Mr bonge had paid TZS.2640000 wages and supplied materials costing TZS 960000to to his own employees in building a store. No adjustment had been made. What is the journal entry for this statement?
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Apr 7
The journal entry for this statement would be:
Wages Expense Dr 2,640,000
Materials Expense Dr 960,000
To Mr. Bonge's Capital Cr 3,600,000
This entry records the wages and materials expenses incurred by Mr. Bonge in building the store, and reduces his capital account by the total amount of expenses.
Wages Expense Dr 2,640,000
Materials Expense Dr 960,000
To Mr. Bonge's Capital Cr 3,600,000
This entry records the wages and materials expenses incurred by Mr. Bonge in building the store, and reduces his capital account by the total amount of expenses.
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