E3-4A.R & D Ci.has the following accounts in its ledger Cash; Accounts Receivable; Supplies; Equipment Accounts Payable; R&D, Capital;R&D Withdrawals; Fees Earned; Rent Ezpense; Advertising Expense, Telephone Expense, Miscellaneous Expense Journalize the following selected transactions for March 2022 in a general journal. Journal entry explanations may be omitted. 2022 Mar. 1 Received an investment from the owners of R & D, $10,000. Paid rent for the month of March, $1,500. Purchased equipment on account, $6,150. R & D paid cash for the owner's home utility bill, $400. Paid cash for supplies, $450. Paid telephone bill for the month, $90. 1 3 5 6 7 10 15 17 19 22 25 30 HO Fees earned and billed to customers, $13,400. Provided a quote to a customer for services totalling $550. Received cash from customers for payment of account, $2,500. Paid portion of invoice from purchase dated March 3, $3,000. Paid cash for miscellaneous items, $150. Paid advertising expense, $900. Owner withdrew cash for personal use, $1,000. e O
E3-4A.R & D Ci.has the following accounts in its ledger Cash; Accounts Receivable; Supplies; Equipment Accounts Payable; R&D, Capital;R&D Withdrawals; Fees Earned; Rent Ezpense; Advertising Expense, Telephone Expense, Miscellaneous Expense Journalize the following selected transactions for March 2022 in a general journal. Journal entry explanations may be omitted. 2022 Mar. 1 Received an investment from the owners of R & D, $10,000. Paid rent for the month of March, $1,500. Purchased equipment on account, $6,150. R & D paid cash for the owner's home utility bill, $400. Paid cash for supplies, $450. Paid telephone bill for the month, $90. 1 3 5 6 7 10 15 17 19 22 25 30 HO Fees earned and billed to customers, $13,400. Provided a quote to a customer for services totalling $550. Received cash from customers for payment of account, $2,500. Paid portion of invoice from purchase dated March 3, $3,000. Paid cash for miscellaneous items, $150. Paid advertising expense, $900. Owner withdrew cash for personal use, $1,000. e O
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 14P: Analyzing Accounts Receivable Upham Companys June 30, 2019, balance sheet included the following...
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