Jern Newbury began a music business in Juy 2018 Newbury prepares monthly financial statortients and uses the accrual basis of accounting The following transactions are Newbury Company's only activities during July through October Jul 16 Bought music on account for 565, with payment to the supplier due in 90 days Aug 3 Performed a job on account for Alanna Turner for $56, collectible from her in 30 days. Used up all the music purchased on July 14 Sep 16 Collected the $55 receivable from Turner Oct 22 Paid the $65owed to the supplier from the July 14 transaction Revenue A August B. September Expense August October Time Remaining:00 32 28 Next Jern Newbury began a music business in Juy 2018 Newbury prepares monthly financial statortients and uses the accrual basis of accounting The following transactions are Newbury Company's only activities during July through October Jul 16 Bought music on account for 565, with payment to the supplier due in 90 days Aug 3 Performed a job on account for Alanna Turner for $56, collectible from her in 30 days. Used up all the music purchased on July 14 Sep 16 Collected the $55 receivable from Turner Oct 22 Paid the $65owed to the supplier from the July 14 transaction Revenue A August B. September Expense August October Time Remaining:00 32 28 Next