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only question 2-3 Ranjeet Gill is a wedding planner who is one of the best known in her area; she has a high presence at
only question 2-3
Ranjeet Gill is a wedding planner who is one of the best known in her area; she has a high presence at wedding shows and work closely with a wedding dress boutique. On January 1, 2020, Ranjeet started her business called Everything Wedding Planning. T following activities occurred during March, the third month of operations: March 1 Purchased supplies for organizing files on credit for $200. 2 Collected $4,400 in advance for a wedding in May. 3 collected the final payment of $2,200 for the Singh wedding happening this 4 Paid $3,200 to rent the hall for the Singh wedding. 5 Paid $600 for supplies purchased on account last month. 15 Ranjeet withdrew cash of $458 to do some personal shopping on the weekend. 20 Paid her assistant wages of $1,500. 31 Purchased new punch bowl equipment on credit for $408. Required: 1. Prepare Journal entries to record the March transactions. weekend. View transaction list Journal entry worksheet 8 Record collection of $4,400 for wedding planning revenue. Note: Enter debits before credits Credit Date General Journal March 02, 2020 Cash Uneamed wedding planning revenue Debit 4,400 4.400 283. Post the entries to the T-accounts. (Use the below format) Enter the balances brought forward from February 29, 2020: Cash (101) $6, 200; Supplies (126) $1,050, Equipment (161) $8,200, Accounts Payable (201) $1,700; Unearned Wedding Planning Revenue (233) $10,000, Ranjeet Gill. Capital (301) $3,200 Ranjeet Gill Withdrawals (302) $13,200, Wedding Planning Revenue (401) $46,600; Wages Expense (623) $26,650; and Rent Expense (640) $6,200. 101:Cash 126:Supplies Beg Bal Bog Bal End, Bal End Bal 161 Equipment 201 Accounts Payablo Bog Bar . Beg Bal End Bal End Bal 2:13: Unearned Wedding Planning Ravenue 301: Ranjeet Olli, Capital Beg Bal Bog Bal End Bal End Bal 502 Ranjeet Gill Withdrawals 401 Wedding Planning Revenue Beg Ba Beg Bal Step by Step Solution
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