The Riles Landscaping Service entered into the following transactions during March: Z Date Transactions Mar. | Provided
Question:
The Riles Landscaping Service entered into the following transactions during March: Z Date Transactions Mar. | Provided landscaping service for customer, collecting $975 cash.
2 Paid three months’ rent in advance at $270 per month on storage/office building.
5 Purchased $50 of repair parts on credit from LT’s, a small-engine service company, to be used immediately in repairing several of the company’s mowers.
10 Provided landscaping service for a customer, with the customer agreeing to pay the contract price of $2,450 in |5 days.
15 Paid $50 due to LT’s for repair parts purchased on March 5.
25 Collected $2,450 from customer for service provided on March 10.
31 Paid $40 for March utilities bill.
St Paid $1,800 to employees for March salaries.
3] Received $82 March telephone bill, to be paid in early April.
Required: (1) Record the preceding transactions in appropriately titled T-accounts.
(2) List the source documents normally used to record these transactions. plo45
Step by Step Answer:
Accounting Information For Business Decisions
ISBN: 9780030224294
1st Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley