Question: PREPARE JOURNAL ENTRIES (without explanations)-24 points Task I. CR A. Marisol invested $70,000 to start Ford Consulting services DR B. Marisol performed $15,000 of services
PREPARE JOURNAL ENTRIES (without explanations)-24 points Task I. CR A. Marisol invested $70,000 to start Ford Consulting services DR B. Marisol performed $15,000 of services on account CR DR Marisol purchased equipment for $1,500 by paying $300 at the time and agreeing to pay the balance in 10 days. C. DR CR D. Marisol collected $3,000 on account for services performed last month DR CR E. Marisol received but did not pay the monthly telephone bill, $700 DR CR F. Marisol received an advance payment of $4,000 for services to be performed next month DR CR G. Marisol paid the balance due for the equipment purchased in transaction "C DR CR H. Marisol paid 3 years rent in advance, $4,200. DR CR
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