Levine Legal Services had the following transactions: 1. Cash is paid for the purchase of $439 of
Question:
Levine Legal Services had the following transactions:
1. Cash is paid for the purchase of $439 of office supplies.
2. Customer is billed $1,020 for services provided that day.
3. Equipment with a cost of $2,230 is purchased on account.
4. The current month?s utility bill of $293 is paid in cash.
5. Cash of $750 is received for services provided that day.
6. Cash of $7,100 is received for services to be provided in the next month.
For each transaction, prepare a basic analysis and a debit/credit analysis. Use the following format, in which the first one has been done for you as an example:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Transaction 1 Basic Analysis The assetaccount Cash is decreased by 439 The asset account Supplies is ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
11+ Reviews
14+ Question Solved
Related Book For 
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Question Posted:
