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4. Use the following accounts to record the following transactions using double-entry accounting. Remember you must have a debit and credit amount for each
4. Use the following accounts to record the following transactions using double-entry accounting. Remember you must have a debit and credit amount for each transaction. Cash Service Revenue Flowers Inventory Accounts Payable Pre-Arranged Service Revenue Rent Expenses Accounts Receivable Casket Inventory 1. ABC Funeral Home purchased $3,000 worth of flowers on credit from a supplier. 2. XYZ Funeral Home received $5,000 in cash from a client for pre-arranged funeral services. 3. DEF Funeral Home paid $1,200 in rent for their funeral home location. 4. GHI Funeral Home provided $2,500 in funeral services to a client on credit. 5. JKL Funeral Home purchased $4,000 worth of caskets on credit from a supplier.
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