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Below are listed several transactions of Patricia Company during 2011. 1. Provided services to customers for cash, $35,000 2. Purchased land by paying cash, $16,000
Below are listed several transactions of Patricia Company during 2011. 1. Provided services to customers for cash, $35,000 2. Purchased land by paying cash, $16,000 3. Paid rent for 6 months, $12,000 4. Acquired cash of $25,000 by issuing common stock 5. Purchased office supplies on account, $2,700 6. Receive payment of $6,000 from a customer for services that will be provided over the next six months Required: a) Prepare journal entries for each of the preceding transactions. % P 3
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