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Below are listed some transactions for Woodcourt Plaza during the month of March. Prepare journal entries for Woodcourt Plaza using the following ledger accounts.
Below are listed some transactions for Woodcourt Plaza during the month of March. Prepare journal entries for Woodcourt Plaza using the following ledger accounts. Assume Woodcourt Plaza uses the cash method of accounting. Cash Accounts Payable Unearned Rental Income Discounts Earned A. B. C. D. Accounts Receivable Rental Income Office Supplies On March 1, Woodcourt Plaza billed a tenant, First National Bank, for March rent of $6,500. On March 5, Woodcourt Plaza received office supplies it had purchased on account, and received an invoice for the office supplies for $250.00 with the terms 2/10, N/30. On March 12, Woodcourt Plaza paid for the office supplies with check number 221. On March 25, Woodcourt Plaza received a check from First National Bank for March rent and a prepayment of April rent. The check total was $13,000.00.
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