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Effects of Transactions (Revenue, Expense, Withdrawals) Assume John Sullivan completed the following additional transactions during February. (e) Received cash from a client for professional services,
Effects of Transactions (Revenue, Expense, Withdrawals) Assume John Sullivan completed the following additional transactions during February. (e) Received cash from a client for professional services, $1,360. (f) Paid office rent for February, $500. (g) Paid February phone bill, $55. (h) Withdrew cash for personal use, $1,200. (i) Performed services for clients on account, $900. (j) Paid wages to part-time employee, $1,400. (k) Received cash for services performed on account in transaction (i), $350. (Enter the change in Cash on the first line and the change in other account on the second line.)
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