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3 years ago

The general ledger of Pipers Plumbing at January 1, 2021, includes the following account balances:

Business

1 answer:

Butoxors [25]3 years ago

8 0

Answer:

January 24

Debit : Accounts Receivables $58,000

Debt : Cash $13,000

Credit : Service Revenue $71,000

March 13

Debit : Cash $46,000

Credit : Accounts Receivable $46,000

May 6

Debit : Cash $12,000

Credit : Common Stock $12,000

June 30

Debit : Salaries $31,600

Credit : Cash $31,600

September 15

Debit : Utilities Payable $4,200

Credit : Cash $4,200

November 24

Debit : Cash $7,200

Credit : Deferred Service Revenue $7,200

December 30

Debit : Dividends $1,600

Credit : Cash $1,600

Explanation:

When payment for goods or services does not happen immediately, raise an Account Receivable or Account Payable otherwise recognize a Cash change.

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Alex787 [66]

Answer:

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3 years ago

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3 years ago

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Helga [31]

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