Question 2 CBCC Company provides package delivery services for its clients. The company had the following...
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Question 2 CBCC Company provides package delivery services for its clients. The company had the following transactions in the first week of April 2022: April 1 April 3 April 4 April 5 Revenues of $3,300 were earned and collected in cash. Office supplies of $400 were purchased on account. Equipment of $1,200 was purchased for cash. Utilities expense of $100 was paid. Instructions: Prepare the journal entries to record the above transactions in general journal of CBCC Company. Include a brief explanation for each journal entry. Question 2 CBCC Company provides package delivery services for its clients. The company had the following transactions in the first week of April 2022: April 1 April 3 April 4 April 5 Revenues of $3,300 were earned and collected in cash. Office supplies of $400 were purchased on account. Equipment of $1,200 was purchased for cash. Utilities expense of $100 was paid. Instructions: Prepare the journal entries to record the above transactions in general journal of CBCC Company. Include a brief explanation for each journal entry.
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April 1 Debit Cash 3300 Credit Revenues 3300 Explanation Recording cash revenues of 3... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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