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Question # 2 ( 2 5 marks ) On March 1 , 2 0 2 3 Marsha Brady established Super Clean dry cleaning services. During
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On March Marsha Brady established "Super Clean" dry cleaning services. During the month, Marsha completed the following transactions:
March
Marsha transferred cash from a personal bank account to an account to be used for the business, $
Purchased equipment to use in the business for $ paying $ cash and giving a note payable for the remainder.
Purchased office furniture on credit, $
Purchased supplies with cash, $
Received cash for services provided, $
Sent her boyfriend, Max, flowers on her personal credit card, $
Recorded services provided on account, $
Paid March utilities, $
Received cash from customers on account from March $
Paid creditor a portion of the amount owed for office furniture purchased on March $
Withdrew cash for personal use, $
Received $ cash from customer for service to be provided next month.
Paid the next month's rent of $
Required: Prepare Journal Entries, on the following page, to record the above transactions. Note: Journal entry explanations are not required.
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