Question

Exercise 3-11

Selected transactions for Ayayai’s Dog Care are as follows during the month of March.

March 1		Paid monthly rent of $1,440.
3		Performed services for $170 on account.
5		Performed services for cash of $90.
8		Purchased equipment for $720. The company paid cash of $95 and the balance was on account.
12		Received cash from customers billed on March 3.
14		Paid wages to employees of $630.
22		Paid utilities of $86.
24		Borrowed $1,800 from Grafton State Bank by signing a note.
27		Paid $260 to repair service for plumbing repairs.
28		Paid balance amount owed from equipment purchase on March 8.
30		Paid $2,160 for six months of insurance.

Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date March 1March 3March 5March 8March 12March 14March 22March 24March 27March 28March 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Answer 1

Account titles and explanation 1-Mar Rent expense Debit Credit Date $1,440 $1,440 Cash $ 170 3-Mar Accounts Receivable $ 170 Service Revenue 5-Mar Cash 90 $ 90 Service Revenue $ 720 8-Mar Equipment $ 95 $ 625 Cash Accounts Payable 12-Mar Cash $ 170 $ 170 Accounts Reveivable

$ 630 14-Mar Salaries and wages expense $ 630 Cash 22-Mar Utilities expense 86 Cash 86 24-Mar Cash $1,800 Notes Payable $1,800 27-Mar Maintenance and Repairs expense $ 260 $ 260 Cash 28-Mar Accounts Payable $ 625 $ 625 Cash 30-Mar Prepaid Insurance $2,160 $2,160 Cash %24 %24