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Paradise Ltd operates as travel consultants. They have provided information on transactions for the month of May 2020: 1 May Purchased office equipment for $38,000
Paradise Ltd operates as travel consultants. They have provided information on transactions for the month of May 2020: 1 May Purchased office equipment for $38,000 on account 2 May Paid office rent of $3,000 in total for May and June 5 May Invoiced clients $2,600 for services provided 15 May Paid wages to staff $3,000 20 May Received full payment from clients invoiced 5 May 25 May Received $2,800 from clients for services to be provided in June 30 May Purchased motor vehicle for $45,000, paying $5,000 cash and balance on credit. Required: Complete journal entries for each transaction. Narrations are required. Answer Date Accounts and narration Dr Cr
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