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journal entries please For the 4th entry the account payable was originally at $25,000 . During the month of February (for simplicity, date all transactions
journal entries please For the 4th entry the account payable was originally at $25,000 . During the month of February (for simplicity, date all transactions as of 2/28) The company experienced an uptick in sales due to word of mouth from previous customers as well as overall awareness of business from advertising efforts. By month end, invoices were prepared for the following amounts associated with repairs and restorations for customers: Repairs to diesel engines $140,000 Restoring cars $15,000 . $105,000 of these sales were paid by customers in cash, while $50,000 were paid in credit by local businesses with credit agreements. By the end of February, Viezuchter collected $60,000 cash on all credit sales made to customers from services performed in both January and February Kris had $9,500 of garage supplies remaining after performing repairs and restorations and paid off $22,000 of its outstanding payables with its garage supply provider. Kris purchased $24,500 in Treasury bill maturing April 30th of current year with a face value of $25,000 as short-term investment
journal entries please
For the 4th entry the account payable was originally at $25,000
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