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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
- 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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