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BUS 211 Written Review Exam Debbies Cleaning Services. had the following transactions in May. Use these account titles: Cash; Accounts Receivable; Prepaid Rent; Supplies; Service

BUS 211 Written Review Exam

  1. Debbies Cleaning Services. had the following transactions in May. Use these account titles: Cash; Accounts Receivable; Prepaid Rent; Supplies; Service Trucks; Accounts Payable; Unearned Cleaning Fees; Debbies Capital; Owners Draws; Cleaning Fees Earned; Rent Expense; and Salaries Expense. Prepare journal entries to record the following:

May

1

Debbie contributed $18,000 cash and a service truck worth $14,000.

2

Paid $12,000 as rent for June, July, August, September, October & November.

3

Purchased supplies on account, $4,300

9

14

Billed customers for cleaning services completed, $8,600

Received $1,000 cash from a customer as advanced payment for cleaning services scheduled throughout June.

17

Paid $3,000 on account to suppliers.

20

Collected $4,600 on account from customers

29

Paid $1,500 cash to Owner (use Owners Draws).

30

Paid salaries for May, $4,000.

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