Spring $2024$ Comprehensive Problem

$3$

Target had the following transactions occurred in February $2024$:

Feb $1$ T$.$ Arget invested in the business: cash, $$10,000$; supplies, $$2,500$; office

equipment, $$1,600.$

$1$ Paid three months$$ rent $($prepaid$)$ on a lease on storage unit, $$5,400.$

$2$ Received $$9,000$ cash for fees earned for jobs completed.

$2$ Billed customers for services provided on account $$7,500.$

$5$ Prepaid three months insurance $$2,100.$

$6$ Purchased supplies on account, $$5,500.$

$8$ Paid $$3,000$ on business account.

$9$ Paid $$1,400$ technician salary.

$9$ Received cash from clients on account, $$2,200.$

$10$ Paid February electricity bill, $$675.$

$12$ Received cash from customers as an advance payment for services to be

provided in the future and recorded as unearned fees, $$9,000.$

$14$ Received cash from customers on account, $$2,500.$

$17$ Paid cash for supplies, $$325.$

$19$ Billed customers for services provided on account, $$5,800$

$23$ Paid technician salary, $$2,000.$

$24$ Received $$20,500$ cash for fees earned for jobs completed.

$25$ Paid phone bill for the month, $$480.$

$26$ Billed customers for services provided on account, $$8,250.$

$28$ Purchased new office equipment for $$7,500$ paying $$2,000$ cash and the

remainder on account.

$29$ T$.$ Arget withdrew $$5,000$ for personal use