Question
Mr. Rony opened a new business for interior decoration services called Interior Ltd on December 1, 2021. The company prepares monthly financial statements. During the
Mr. Rony opened a new business for interior decoration services called Interior Ltd on December 1, 2021. The company prepares monthly financial statements. During the first month of operations, the following transactions occurred
December 3 Purchased office supplies from ABC Ltd on account for $520.
Account to be debited is
unanswered
Amount is $ ________
unanswered
Account to be credited is
unanswered
Amount is $ ________
unanswered
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
December 15 Performed interior decoration services worth $45000. The customer paid $36000 cash and the customer was billed for the rest of the amount.
Account to be debited (the one with the higher value) is
unanswered
Amount is $ ________
unanswered
Account to be debited (the one with the lower value) is
unanswered
Amount is $ ________
unanswered
Account to be credited is
unanswered
Amount is $ ________
unanswered
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
December 27 Paid half the balance due to ABC Ltd.
Account to be debited is
unanswered
Amount is $ ________
unanswered
Account to be credited is
unanswered
Amount is $ ________
unanswered
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
December 29 $1340 cash is paid to the landlord for the rent of December 2021.
Account to be debited is
unanswered
Amount is $ ________
unanswered
Account to be credited is
unanswered
Amount is $ ________
unanswered
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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