Question

Selected transactions for Flint's Dog Care are as follows during the month of March March 1 Paid monthly rent of $1,370. 3 Performed services for $160 on account. 5 Performed services for cash of $85. 8 Purchased equipment for $685. The company paid cash of $90 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $600. 22 Paid utilities of $82. 24 Borrowed $1.710 from Grafton State Bank by signing a note 27 Paid $250 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $2,050 for six months of insurance.

Answer 1

Journal entry

Date	General Journal	Debit	Credit
Mar 1	Rent expense	1370
	Cash		1370
Mar 3	Account receivable	160
	Service revenue		160
Mar 5	Cash	85
	Service revenue		85
Mar 8	Equipment	685
	Cash		90
	Account payable		595
Mar 12	Cash	160
	Account receivable		160
Mar 14	Salaries and wages expense	600
	Cash		600
Mar 22	Utilities expense	82
	Cash		82
Mar 24	Cash	1710
	Notes payable		1710
Mar 27	Maintenance and repairs expense	250
	Cash		250
Mar 28	Account payable	595
	Cash		595
Mar 31	Prepaid insurance	2050
	Cash		2050