receiving cash in advance of performing a service createsa liability for the company

ities that will not be due for m ties udits of financial statements performed by public accounting firms provide evel of integrity to the financial statements and are a major pillar of the stock A market for trading related to publicly held companies. 26 November transactions for Camindo Co. are a. Received cash of $60,000 from investors in exchange fo b. Provided services of $16,300 on account. C. Purchased supplies on account $750. d. Received cash of $11,800 from clients for services previously billed. e. Received $6,250 in cash for services provided for clients f. Paid S600 on account for supplies that had been purchased. g Paid cash $3,380 for a one-year insurance policy. h. Paid for the following expenses in cash: wages, $7,800; utilities, $1,000; rent, $3,750. i. Paid cash dividends of $2,300 to stockholders. L|Prepare Journal Entries for items above