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Part 1: Daily Activities Accounts that you can use: Common Stock, Cash, Furniture, Computer, Service Revenue, Accounts Receivable, Salaries Expense, Rent Expense, Accounts Payable, Utility
Part 1: Daily Activities Accounts that you can use: Common Stock, Cash, Furniture, Computer, Service Revenue, Accounts Receivable, Salaries Expense, Rent Expense, Accounts Payable, Utility Expense, ABM Company completed the following transactions during March, 2017: March 2 Received $11.000 cash from Ruiz, and issued common stock to him. (4 points) March 3 Paid cash to purchase a computer, $4,200 (4 points) March 9 Performed services for a client and received cash for the full amount of $1,000. (4 points) March 12 Paid utility expenses, S200. (4 points) March 16 Purchased office furniture for $1,800. Paid 5800 cash. Rest will be paid in two weeks. (4 points) March 18 Performed services for a client on account. $1.500. (4 points) March 28 Collected $1.500 from the client on March 18. (4 points) March 29 Paid S1000 for the payment of furniture purchased on March 16. (4 points) March 30 Performed services for a client and received cash for the full amount of $2,500 (4 points) March 31 Paid monthly office rent. $700 (4 points) March 31 Paid salaries of $ 2.500 for March (4 points) Instructions 1- Journalize the transactions for the month of March 2. Prepare T accounts and trial balance for the montfof March 3- Prepare Income Statement and Balance Sheet at the end of the month
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