Yula's Yoga engaged in the following transactions during March 2017, its first month of operations: Mar....

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Yula's Yoga engaged in the following transactions during March 2017, its first month of operations: Mar. 1 The business received a $15,000 cash investment from Yula Gregore to start 1 4 9 17 Yula's Yoga. Paid $4,000 cash to rent a yoga studio for the month of March. Purchased studio supplies for $4,000 on account. Presented a wellness seminar for a corporate customer and received cash, $3,000. Paid $1,000 on accounts payable. Taught yoga classes for customers on account, $800. Required Record the preceding transactions in the journal of Yula's Yoga. Identify trans- actions by their date and include an explanation for each entry, as illustrated in the chapter. Use the following accounts: Cash; Accounts Receivable; Studio Supplies; Accounts Payable; Yula Gregore, Capital; Service Revenue; Rent Expense. Yula's Yoga engaged in the following transactions during March 2017, its first month of operations: Mar. 1 The business received a $15,000 cash investment from Yula Gregore to start 1 4 9 17 Yula's Yoga. Paid $4,000 cash to rent a yoga studio for the month of March. Purchased studio supplies for $4,000 on account. Presented a wellness seminar for a corporate customer and received cash, $3,000. Paid $1,000 on accounts payable. Taught yoga classes for customers on account, $800. Required Record the preceding transactions in the journal of Yula's Yoga. Identify trans- actions by their date and include an explanation for each entry, as illustrated in the chapter. Use the following accounts: Cash; Accounts Receivable; Studio Supplies; Accounts Payable; Yula Gregore, Capital; Service Revenue; Rent Expense.