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a) January 26: $3,000 in dividends were declared and paid to the shareholders of the business. Date General Journal Account/Explanation F | Debit Page GJ3
a) January 26: $3,000 in dividends were declared and paid to the shareholders of the business. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet b) February 14: Provided consulting services to a customer and collected $400. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet c) March 17: Collected $2,300 regarding a credit customer's account. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet d) March 23: One of Softouch Co.'s clients rented equipment today for $1,500 on credit. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet e) April 24: Perry Sales paid this month's $100 utilities bill received today. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet f) May 18: Spin Master Toys purchased new equipment by paying $3,250 cash. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet g) June 1: Stiller Co. purchased $600 of supplies on credit. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet h) July 11: Collected $2,100 regarding a credit customer's account. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet i) July 19: The company you work for, Beamer Co., paid $500 towards the bill from an earlier transaction. Date General Journal Account/Explanation F | Debit Page GJ3 Credit Effect On Balance Sheet
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