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Tim Sheridan started Sheridan Roof Repairs on April 2, 2024, by investing $4,070 cash in the business. During April, the following transactions occurred: Apr.
Tim Sheridan started Sheridan Roof Repairs on April 2, 2024, by investing $4,070 cash in the business. During April, the following transactions occurred: Apr. 6 Purchased supplies for $1,640 cash. 15 Repaired a roof for a customer and collected $670 cash. 25 Received $2,340 cash in advance from a customer for roof repairs to his house and garage. On April 30, 2024, the following information was available: 1. At April 30, services of $670 were provided but were neither billed nor recorded. 2. There is $870 of supplies on hand. 3. Of the $2,340 received on April 25, the company has provided services of $870 by completing repairs to the garage roof. Post to the ledger accounts. (Use T accounts.) (Post entries in the order of journal entries presented in the previous part.) Cash Supplies Unearned Revenue Service Revenue Tim Sheridan, Capital Apr. 2 Apr. 15 Apr. 25 Cash Apr. 6 Accounts Receivable Apr. 6 Supplies Unearned Revenue Apr Service Revenue Apr 15 Supplies Expense Tim Cullumber, Capital Apr. 2 Senka
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