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Prepare journal entries for Pa a Legal Services. Please refer to chart of accounts. Print Profit and Loss Statement and Balance Sheet ( A =

Prepare journal entries for Paa Legal Services. Please refer to chart of accounts.
Print Profit and Loss Statement and Balance Sheet (A=L+E) of December 31(PDF files).
Print journals (PDF files).
December
1 Purchased supplies for $500 for cash. Debit Supplies Expense
2 Rendered services $15,200 in cash and $800 on credit
3 Received telecommunications and internet bill, $1,000
4 Collected $50,000 from credit clients
5 Paid for advertising, $700
7 Provided services for cash, $18,000; and $22,000 on credit
Returned damaged supplies, $40. Received cash refund.
8 Purchased $1,000 supplies from Office Depot, payable in 30 days. Debit Supplies Expense
9 Paid supplies purchased from Crown School and Office Supplies billed in November, $500
10 Paid for space rental, $5,000
15 Paid salaries for December 1-15, $5,000
16 Collected $2,000 from credit customers
17 Sold services for cash, $12,950; and $12,050 on credit
18 Paid for minor repairs made on furniture, $150
20 Received power and water bill, $3,500
21 Rendered services for cash, $17,000; and $8,000 on credit
22 Paid for power and water, $3,500
23 Paid for Christmas party expenses, $7,000. Debit Supplies Expense
24 Collected from various credit customers, $4,000
27 Purchased supplies from Shelby Papermart, payable in 30 days, $1,000
Paid for telecommunications and internet bill received on 12/03
28 Paid for minor repairs in the office, $50.
29 John Michael Paa withdrew $2,000 for personal use
30 Billed more customers for services provided, $15,000
31 Paid for salaries December 16-31, $5,000
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