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How do I journalize this? Tanaka Company for June 2020, the company's first month of operations. 1.Purchased equipment on account for $9,800. 2.Billed customers $5,600
How do I journalize this?
Tanaka Company for June 2020, the company's first month of operations.
1.Purchased equipment on account for $9,800.
2.Billed customers $5,600 for services performed.
3.Made payment of $2,400 on account for equipment purchased earlier in month.
4.Collected $3,900 on customer accounts.
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