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Bruce bach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020: May 1 Purchased new equipment, paying
Bruce bach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020: May 1 Purchased new equipment, paying cash of $14,000 and signing a 90-day note payable for the balance of $30,000. 2 Purchased 12 months of insurance to begin May 2; paid $28,000. 3 Completed a fitness contract for a group of clients today and received $6,500. 4 Purchased office supplies on account: $4,000. 6 Returned to the supplier $800 of defective office supplies purchased on May 4. 10 Provided services to a client today on account: $12,000. 15 Paid for the May 4 purchase less the return of May 6. 20 Received payment from the client of May 10. 25 Received cash of $2,500 from a client for work to be done in June. 31 Paid month-end salaries of $50,000. 31 Paid the May telephone bill today: $2,500. 31 Received the May electrical bill today: $3,000. It will be paid on June 15. Dannirart Journal entry worksheet Record the completion of fitness contract for a group of clients today and received $6,500. Note: Enter debits before credits Date General Journal Debit Credit May 03, 2020 Cash Record entry Clear entry View general Journal
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