Suppose you started up your own landscaping business. A customer paid you $ 130 $130 in advance

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose you started up your own landscaping business. A customer paid you $ 130

$130 in advance to mow his or her lawn while he or she was on vacation. You also performed landscaping services for a localbusiness, but the businesshasn't paid you the $ 425

$425 fee yet. Inaddition, a customer pays you $ 140

$140 cash for landscaping services.

QUESTION Prepare the journal entries to record the three transactions.

1.Name the accounts used to record these events.

Posted Date: Jun 22, 2024 12:05 AM

See More Questions

You prefer sustainable products while making purchases. In what ways do you want to be informed about the suppliers accountability in justifying their sustainable efforts?
The information that follows is from Miles Production Companys trial balance. Required 1. Manufacturing organizations use asset accounts that are not needed by retail organizations. a. List the...
What that mean? communicate and interact productively with a diverse and changing workforce and citizenryIn thinking about your ability to communicate and interact productively with a diverse and...
Based on the following statements, fill in blanks (show the process). Stock information: On Dec. 31, stock price: $45/share, 12,000,000 shares in total. Net Sales -Cost of goods sold Gross margin...
Who is responsible for the financial statements and maintaining effective internal control over financial reporting? Where did you find this in the annual report? What accounting rules are required...
8. Chad owned an office building that was destroyed in a tornado. The adjusted basis of the building at the time was $890,000. After the deductible, Chad received an insurance check for $850,000. He...
The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of...
For a data set of the pulse rates for a sample of adult females, the lowest pulse rate is 38 beats per minute, the mean of the listed pulse rates is x = 78.0 beats per minute, and their standard...
A student earned grades of A, C, B, A, and D. Those courses had these corresponding numbers of credit hours: 5, 3, 4, 3, and 2. The grading system assigns quality points to letter grades as follows:...
Zoe's Fresh Flowers is new business ready to open a store in the Westfield shopping centre nearby. Westfield has a number of florist shops already, so Zoe is anxious about the demand for her flower...

Suppose you started up your own landscaping business. A customer paid you $ 130 $130 in advance

Question:

Expert Answer:

Students also viewed these accounting questions