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with all the entries and solutions. thanks P5-2C. From the following transactions as well as additional data, please complete the entire accounting cycle for Mike's
with all the entries and solutions. thanks P5-2C. From the following transactions as well as additional data, please complete the entire accounting cycle for Mike's Plumbing of Prince Albert. (Use a chart of accounts similar to the one in Problem P5-1A on page 228.) Group C Problems 2022 May 1 To open the business, Mike Quinlan invested $ 10,000 cash and $ 7,400 worth of plumbing equipment. 1 Paid rent for four months in advance, $ 1,980. 3 Purchased office equipment on account from MacKenzie Co., $ 3,800. 7 Bought plumbing supplies, $ 1,645. 8 Collected $ 3,600 for plumbing services provided. 9 Mike paid his home utility bill with a company cheque, $ 122. 10 Billed Western Construction Co. for plumbing fees earned but not to be received until later, $ 9,600. 14 Advertising bill was received from ABCD Radio Co. but is not to be paid until next month, $ 420. 21 Received cheque from Western Construction Co. in partial payment of transaction dated May 10, $ 4,800. 28 Paid MacKenzie Co. one-half of amount owed for office equipment, $ 1,900. 31 Paid telephone bill of company, $ 184. 31 Received bill from George's Cleaning to
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