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Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Help System Announcements Exercise 3-6 Selected transactions for Ivanhoe Utd. during its first month of
Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Help System Announcements Exercise 3-6 Selected transactions for Ivanhoe Utd. during its first month of operations are presented below: Mar. 2 Issued common shares for $11,900 cash. 4 Purchased used car for $1,100 cash and $9.900 on account, for use in the business, 10 Billed customers $2,300 for services performed. 13 Paid $250 cash to advertise business opening. 25 Received $920 cash from customers billed on March 10. 27 Paid amount owing for used car purchased on March 4. 30 Received $730 cash from a customer for services to be performed in April, 31 Declared and paid $330 of dividends to shareholders. Journalize the transactions. (Credit account titles are automatically madented when the amount Entry for the account titles and enter for the amounts. Record journal entries the order Date Account Titles and Explanation Debit Credit
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