Question: Peter's Mini Putt was opened on March 1 by Peter Palazzi. The following selected transactions occurred during March: Mar. 1 Purchased golf balls and other
Peter's Mini Putt was opened on March 1 by Peter Palazzi. The following selected transactions occurred during March:
Mar. 1 Purchased golf balls and other supplies for $350 from Stevenson Supplies payable in 30 days.
5 Received a booking for a birthday party to be held the following week. The customer paid the mini golf fees of $200 in advance.
10 Provided the golf services for the birthday party.
15 Wages were paid to hourly workers. A total of $5,000 was paid out, with withholdings as follows: CPP $230, EI $94, and income tax $1,400.
30 Wrote a cheque to Stevenson Supplies for the $350 owing to settle the balance due.
Instruction
Journalize the transactions.
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March 1 Supplies 350 Accounts Payable 350 5 Cash 200 Unearned Reve... View full answer
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