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ASSUMING THE COMPANY CLOSES ITS JOURNALS ON A MONTHLY BASIS, JOURNALIZE AND POST CLOSING ENTRIES: Tim Sheridan started Sheridan Roof Repairs on April 2 ,
ASSUMING THE COMPANY CLOSES ITS JOURNALS ON A MONTHLY BASIS, JOURNALIZE AND POST CLOSING ENTRIES:
Tim Sheridan started Sheridan Roof Repairs on April by investing $cash in the business. During April, the following
transactions occurred:
Apr. Purchased supplies for $cash
April Repaired a roof for a customer and collected $cash
April Received $cash in advance from a customer for roof repairs to his house and garage.
On April the following information was available:
At April services of $were provided but were neither billed nor recorded.
There is $of supplies on hand.
Of the $received on April the company has provided services of $by completing repairs to the garage roof.
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