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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, S4,200. (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, $200.(4 points) March 16 Purchased office furniture for $1,800. Paid $800 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 S1,500 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 month of March 3. Prepare Income Statement and Balance Sheet at the end of the month
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