Question: PREPARE JOURNAL ENTRIES (without explanations)-24 points DR Task I. A Shanise invested $40,000 to start Plymouth consulting services CR B. Shanise performed $5,000 of services
PREPARE JOURNAL ENTRIES (without explanations)-24 points DR Task I. A Shanise invested $40,000 to start Plymouth consulting services CR B. Shanise performed $5,000 of services on account. DR CR C Shanise purchased equipment for $1,800 by paying $500 at the time and agreeing to pay the balance in 10 days. DR CR D. Shanise collected $3,200 on account for services performed last month. DR CR E. Shanise received but did not pay the monthly telephone bill, $325. DR CR F. Shanise received an advanced payment of $6,000 for services to be performed next month. DR CR G. Shanise paid the balance due for the equipment purchased in transaction "C DR CR H. Shanise paid 3 years' rent in advance, $6,000. DR CR Plymouth Cansulting
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
