Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 - Mar Terry Smith invested $ 3 0 , 0 0 0 cash to start her business deposited in the business' bark account. I

1-Mar Terry Smith invested $30,000 cash to start her business deposited in the business' bark account.
I-Mar Paid cash for advertising expense of $900.
1-Mar Purchased stationery & oftice supplies on account for $2,000 to be used in business, agreeing to pay within
1 Mar Paid office rent for March in cash, total amount is $3,000.
3-Mar Purchased office fumiture $3,000 in cash.
5-Mar Performed services for clientand wa5 paid $9,000 in cash.
8-Mar Performed services for a client who did not pay immediately. The clierit will pay $0,000 within ane month.
25-Mar Terry contributes $1,0000 to her personal RRSP poying from her personal funds.
26- Mar The business collects $5,000 from the dient for the services perfarmed on Marrh 8.
28-Mar Paid affice ut lities expense, $1,000
29-Mar The business pays $2,000 for the office supplies bought on March 1.
3D-Mar Terry withdraws S5,DOD cash from the business for her personalaska use.
Comelete the Acocuring Gyuabon betiw based on the Manch Iransactions abowe. hatiche the prour accoint rames for expenves.
Ind catr tan praper acrount neries for eeserisns.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions