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Unformatted text preview: April 8 Land 20,000 Buildings 60,000 Cash 80,000 Purchased land and a storage shed. April 10 Mowing Equipment 25,000 Cash 10,000 Accounts Payable 15,000 Purchased mowing equipment with down payment and remainder due by end of month. April 18 Accounts Receivable 5,500 Service Revenue 5,500 Billed customers for services provided on account; amounts due within 10 days. April 27 Accounts Payable 15,000 Cash 15,000 Paid remaining balance due on open account for purchase of mowing equipment. April 28 Cash 5,500 Accounts Receivable 5,500 Collected cash on open accounts. April 30 Accounts Receivable 9,850 Service Revenue 9,850 Billed customers for services provided on account. April 30 Salary and Wage Expense 4,650 Cash 4,650 Paid April payroll....
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This note was uploaded on 04/04/2012 for the course MGMT 200 taught by Professor Greigg during the Spring '08 term at Purdue University-West Lafayette.
- Spring '08