Question
Selected activity of the Ray Shipping Service follow. TRANSACTIONS Gave a cash refund of $750 to a customer because of a lost package. (The customer
Selected activity of the Ray Shipping Service follow. TRANSACTIONS
Gave a cash refund of $750 to a customer because of a lost package. (The customer had previously paid in cash.)
Sent a check for $1,050 to the utility company to pay the monthly bill.
Provided services for $7,800 on credit.
Purchased new equipment for $4,600 and paid for it immediately by check.
Issued a check for $3,500 to pay a creditor on account.
Performed services for $15,250 in cash.
Collected $6,250 from credit customers.
The owner made an additional investment of $25,000 in cash.
Purchased supplies for $3,250 on credit.
Issued a check for $3,750 to pay the monthly rent.
Analyze the above transactions and record a journal entry for each transaction
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