Question
d Ces The following events apply to Complete Business Service in 2018, its first year of operations: 1. Received $49,000 cash from the issue
d Ces The following events apply to Complete Business Service in 2018, its first year of operations: 1. Received $49,000 cash from the issue of common stock. 2. Earned $44,000 of service revenue on account. 3. Incurred $19,500 of operating expenses on account. 4. Received $29,500 cash for performing services. 5. Paid $17,500 cash to purchase land. 6. Collected $31,500 of cash from accounts receivable. 7. Received a $7,900 cash advance for services to be provided in the future. 8. Purchased $1,850 of supplies on account. 9. Made a $17,000 payment on accounts payable. 10. Paid a $6,900 cash dividend to the stockholders. 11. Recognized $1,260 of supplies expense. 12. Recognized $5,950 of revenue for services provided to the customer in Event 7. Required a. Record the events in the general journal. b. Post the events to T-accounts and determine the ending account balances. c. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance. Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the events in the general journal. (If no entry is required for a event, select "No journal entry required" in the first account field.) View transaction list < Prev 2 of 3 Next > MacBook Pro Check my wi
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