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On January 1, Pulse Recording Studio (PRS) had the following account balances. On January 1, Pulse Recording Studio (PRS) had the following account balances. The
On January 1, Pulse Recording Studio (PRS) had the following account balances.
On January 1, Pulse Recording Studio (PRS) had the following account balances. The following transactions occurred during January. a. Received $2,510 cash on 1/1 from customers on account for recording services completed in December. b. Wrote checks on 1/2 totaling $4,280 for amounts owed on account at the end of December. c. Purchased and received supplies on account on 1/3, at a total cost of $200. d. Completed $4,000 of recording sessions on 1/4 that customers had paid for in advance in December. e. Received $4,690 cash on 1/5 from customers for recording sessions started and completed in January. f. Wrote a check on 1/6 for $4,120 for an amount owed on account. g. Converted $1,030 of cash equivalents into cash on 1/7. h. On 1/15, completed EFTs for $1,320 for employees' salaries and wages for the first half of January. i. Received $3,030 cash on 1/31 from customers for recording sessions to start in February. Journal entry worksheet Supplies on hand at January 31 were $200. Record the transaction. Note: Enter debits before credits
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