$6$:$53$

Sleeper

$82$

Done ACCY$1$ Extra Credit.pdf

Part $3$: Recording Basic Transactions

For the following transactions, identify the accounts affected, determine whether each account is debited or credited, and record the journal entry:

July $1-$ The company received $$5,000$ in cash from a customer for plumbing services provided $($example$)$

$2$

Accounts involved: Cash, Service revenue

Journal Entry: Dr$.$ Cash; Credit: Service revenue

July $5-$ The company purchased office supplies for $$1,200,$ paying $$500$ in cash and the remainder on account.

Accounts involved:

Journal Entry:

July $10-$ The company provided services to a client and billed them $$2,500.$

Accounts involved:

Journal Entry:

July $15-$ Paid $$800$ for employee salaries.

Accounts involved:

Journal Entry:

July $20-$ Purchased a new computer for $$2,000,$ paid cash.

Accounts involved:

Journal Entry:

July $25-$ Received $$2,500$ from the customer billed on July $10.$

Accounts involved:

Journal Entry:

July $31-$ Paid $$600$ for the month's utility bill.

Accounts involved:

Journal Entry:

July $8-$ The company paid $$300$ for vehicle maintenance services.

Accounts involved:

Journal Entry:

$3$