ACC 505 Laura Eddy v2

ACC 505 Laura Eddy v2 - Mar. 1...

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Mar. 1 Invested $10,451 cash in the business. Dr. Cash $10,451 Cr. L. Eddy, Capital $10,451   1 Purchased used truck for $5,760, paying $2,880 cash and the balance on account. Dr. Equipment $5,760 Cr. Cash $2,880 Cr. Accounts Payable $2,880   3 Purchased cleaning supplies for $1,115 on account. Dr. Cleaning Supplies $1,115 Cr. Accounts Payable $1,115    5 Paid $1,380 cash on one-year insurance policy effective March 1. Dr. Prepaid Insurance $1,380 Cr. Cash $1,380   14 Billed customers $4,943 for cleaning services. Dr. Accounts Receivable $4,943 Cr. Service Revenue $4,943   18 Paid $1,342 cash on amount owed on truck and $484 on amount owed on cleaning 
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ACC 505 Laura Eddy v2 - Mar. 1...

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