Question: Bruce Bonner began a web - based computer sales and service company on March 1 , 2 0 2 8 called Bonner s Toys. Bruce
Bruce Bonner began a webbased computer sales and service company on March called Bonners Toys. Bruce has decided to record all prepayments to assets, and all unearned revenues to liabilities. Bonner Toys completed the follow transactions March
March Bruce invested $ cash along with $ of computer equipment into his new business. The equipment is estimated to have a useful life of years and have no residual value after that time.
March Purchased months of insurance for $ cash; the insurance is effective immediately.
March Ordered office supplies in the amount of $ to be delivered later in the month. Payment due upon receipt of goods.
March The company set up a petty cash fund in the amount of $
March Sold web services to John Smiths company $ John paid $ cash and put the balance on his account.
March Hired technician with salary of $ to paid every other week.
"March
March "Bought $ of cleaning supplies on account.
Cheque # for $ was issued to pay for newspaper advertising. Advertisement to appear April in the local paper."
March Paid for cleaning supplies purchased on March
March Received office supplies ordered on the rd paid cash for the supplies.
March Received $ cash from a XYZ company for months of advertising on Bonners website. Contract for advertising to begin on April X
March Paid technician $ in salary for first two weeks of work.
March Bought office furniture for $ paying cash of $ and signing a year note at for the balance.
March John Smith paid his account in full.
March Received and paid March telephone bill today in the amount of $
March Bruce paid his personal property taxes with cash, amount $
March Received a bill from the utilities company for March utilities in the amount of $ The amount is due April
March Paid February and March rent today monthly rent is $
Jounarlize the transaction and calculate the balance of Cash at March
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