The Riles Landscaping Service entered into the following transactions during March: Z Date Transactions Mar. | Provided

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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

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Accounting Information For Business Decisions

ISBN: 9780030224294

1st Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley

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