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On January 1, Pulse Recording Studio (PRS)had the following account balances Accounts Payable Acoumulated Depreciation Equipment 5000 Notes Payable long-term) The following transactions occurred during
On January 1, Pulse Recording Studio (PRS)had the following account balances Accounts Payable Acoumulated Depreciation Equipment 5000 Notes Payable long-term) The following transactions occurred during January t Received S2,500 cash on 1/1 tom customers on account for recording services completed in checks totaleg sa.000 for amounts owed on account at ne end December Purchased and received supples on account at a total cost of$200 record on 14that had paidforin s Received $5.000 cash on from customers recording sessions started and completed in en for 14,000 for an amount owed on account Wrote a check. 7 Converted $1,000 of cash equivalents into cash on 17 9 Received 500 salaies and wagesfor the fst har ofJanuary S3000 cash on 131 from customers for recording startin February use the January 01 balance in cash from General er tab and the information (II to 14) to prepare a bank reconduation. PRss
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