ACC 505 Laura Eddy v3

ACC 505 Laura Eddy v3 - Mar 1 Invested $10,391 cash in the...

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Unformatted text preview: Mar. 1 Invested $10,391 cash in the business. Dr. Cash $10,391 Cr. L. Eddy, Capital $10,391 1 Purchased used truck for $5,720, paying $2,860 cash and the balance on account. Dr. Equipment $5,720 Cr. Cash $2,860 Cr. Accounts Payable $2,860 3 Purchased cleaning supplies for $1,043 on account. Dr. Cleaning Supplies $1,043 Cr. Accounts Payable $1,043 5 Paid $1,500 cash on one­year insurance policy effective March 1. Dr. Prepaid Insurance $1,500 Cr. Cash $1,500 14 Billed customers $4,891 for cleaning services. Dr. Accounts Receivable $4,891 Cr. Service Revenue $4,891 18 Paid $1,557 cash on amount owed on truck and $536 on amount owed on cleaning supplies. Dr. Accounts Payable $2,093 Cr. Cash $2,093 20 Paid $1,925 cash for employee salaries. Dr. Salaries Expense $1,925 Cr. Cash $1,925 21 Collected $1,411 cash from customers billed on March 14. Dr. Cash $1,411 Cr. Accounts Receivable $1,411 28 Billed customers $2,459 for cleaning services. Dr. Accounts Receivable $2,459 Cr. Service Revenue $2,459 31 Paid gas and oil for month on truck $182. Dr. Gas & Oil Expense $182 Cr. Cash $182 31 Withdrew $715 cash for personal use. Dr. L. Eddy, Capital $715 Cr. L Eddy, Drawing $715 ...
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This note was uploaded on 03/29/2012 for the course ACC 505 taught by Professor Gilbert during the Spring '12 term at DeVry Houston.

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ACC 505 Laura Eddy v3 - Mar 1 Invested $10,391 cash in the...

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