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CAS- New Tab 12,3,4 Help Save & Lemrugs started a financial consulting business on March 1, 2017 - Awree Natcacnotus Consultants and completed the following
CAS- New Tab 12,3,4 Help Save & Lemrugs started a financial consulting business on March 1, 2017 - Awree Natcacnotus Consultants and completed the following transactions and events during the March and part of April 2017 DATE TRANSACTION/EVENT Mar 1 invested cash of $60,000, office equipment worth $25,000, and furniture valued at $12.000 into the business 3 Purchased office supplies for $3,200 cash 4 Purchased additional office equipment for $10.000 on credit. The amount is due in 30 days 5 Provided consulting services to a client for $16,000 cash 7 Provided consulting services to another client for $7,600 on credit the client agreed to pay the full amount within 10 days 11 Purchased more additional Office Supplies costing $2,800 on credit. The bill is due within 30 days 17 Paid for a 6-months insurance policy, $6,000, starting on the 17th This insurance policy covers the next 6 months 17 The customer who owed $7,600 paid the entire amount in full 22 Provided more consulting services to a client on credit for $10,000. The client promised to pay the amount in two installments within the next 20 days 29 Received cash of $8,000 from a client for consulting services to be provided in May 2017 31 Paid $1,800 cash for the month's utility bill Apr 4 Paid $10,000 cash for the equipment that was purchased on March 4th 6 The owner, Lerriugs, withdrew $5,700 cash from the business 7 The customer who received services on March 22 paid $5,000 as partial payment. EQUIRED: Prepare the required general journal entries for the above transactions
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