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Mike Szabo Company engaged in the following transactions during the month of December: Dec 2 Made Credit sales of $4,000 (accepted account receivable) 6 Made
Mike Szabo Company engaged in the following transactions during the month of December:
Dec 2 Made Credit sales of $4,000 (accepted account receivable)
6 Made cash sales of $2,500
10 Paid office salaries of $500.
14 Sold land that originally cost $2,200. for $3,000 cash
17 Paid $6,000 for equipment
21 Billed clients $9,000 for services (accepted accounts receivable).
24 Collected $1, 200 on an account receivable.
28 Paid an account payable of $7,00.
Pecord the transactions, using T-accounts
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