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Following are transactions for Valdez Services, a company owned by B. Valdez. a. B. Valdez invested $25,800 cash in the company. b. The company provided
Following are transactions for Valdez Services, a company owned by B. Valdez. a. B. Valdez invested $25,800 cash in the company. b. The company provided services to a client and immediately received $850 cash. c. The company received $19,400 cash from a client in advance for services to be provided next year. d. The company received $2,000 cash from a client in partial payment of accounts receivable. 1. Prepare general journal entries for the above transactions of Valdez Services. 2. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes. Complete this question by entering your answers in the tabs below. Prepare general journal entries for the above transactions of Valdez Services. Journal entry worksheet B. Valdez invested $25,800 cash in the company. Note: Enter debits before credits. Following are transactions for Valdez Services, a company owned by B. Valdez. a. B. Valdez invested $25,800 cash in the company. b. The company provided services to a client and immediately received $850 cash. c. The company received $19,400 cash from a client in advance for services to be provided next year. d. The company received $2,000 cash from a client in partial payment of accounts receivable. 1. Prepare general journal entries for the above transactions of Valdez Services. 2. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes. Complete this question by entering your answers in the tabs below. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes
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