Unit 5

Daniel Kevins

0 comments

Devine Brown opened Devine’s Carpet Cleaners on March 1. During March, the following transactions were completed.

Mar. 1		Invested $10,940 cash in the business.
1		Purchased used truck for $6,050, paying $3,025 cash and the balance on account.
3		Purchased cleaning supplies for $1,128 on account.
5		Paid $1,788 cash on one-year insurance policy effective March 1.
14		Billed customers $4,723 for cleaning services.
18		Paid $1,538 cash on amount owed on truck and $402 on amount owed on cleaning supplies.
20		Paid $1,648 cash for employee salaries.
21		Collected $1,926 cash from customers billed on March 14.
28		Billed customers $2,561 for cleaning services.
31		Paid gasoline for month on truck $393.
31		Withdrew $769 cash for personal use.

(a)

Journalize the March transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

[removed]

(b) and (c)

The parts of this question must be completed in order. This part will be available when you complete the part above.

About the Author

Daniel Kevins

Follow me