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skad [1K]
3 years ago
7

A. Performed $29,400 of services on account.

Business
1 answer:
IgorC [24]3 years ago
3 0

Answer:

S/n  Account Titles                  Debit$     Credit$

a.     Accounts receivable         29400

             Service revenue                           29400

b.     Cash                                   17500  

              Accounts receivable                    17500

c.     Prepaid insurance              4400

              Cash                                              4400

d.     Accounts payable               570

              Cash                                               570

e.     Insurance expense             3700  

                Prepaid insurance                       3700

f.      Interest receivable               300  

                Interest revenue                          300

g.     Cash                                    9500  

                Unearned service revenue         9500

h.     Land                                     1560  

               Cash                                               1560

i.      Supplies                               1800

               Cash                                               1800

   Asset  Liabilities  Equity  Revenue  Expense  Net income  S.Cash Flow

a. 29400                   29400  29400                          29400             NA

b. 17500                                                                                               OA

  -17500      

c. 4400                                                                                                 OA

  -4400

d. -570     -570                                                                                      OA

e. -3700                     -3700                        3700         -3700              NA

f.   300                         300      300                                300                NA

g.  9500   9500                                                                                     OA

h.  1560                                                                                                   IA

   -1560

i.   1800                                                                                                  OA

   -1800

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