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Below are transactions for a sample company. Using the framework template below record the following transactions and upda after each transaction. The first transaction has
Below are transactions for a sample company. Using the framework template below record the following transactions and upda after each transaction. The first transaction has been completed for you, please begin with transaction 2 1) Received $17,500 cash from customers on account 2) Purchased supplies on account for $6,000 3) Sold $26,000 in services on account 4) Paid $4,250 cash on account to various vendors 5) Paid cash for the following expenses: $1,150 Rent; $2,600 Wages: $850 Utilities Cash $8,500 Capi Accounts Receivable $18,250 -$17,500 Supplies $400 Accounts Payable $12,500 Land $36,000 Beg. Balance $17,500 2) 6,000 1-4,2501 5) +26,000 -4,250 -4,600 8,850 25,150 400 114,250 Ending Balance
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