Question

Петр Save TEXTE 29 Mark Moninger has a corporation and began a business as an appliance technician in November. During that month, he completed the following transactions. Prepare journal entifes in proper form. Denote your journal entry with the letter of the transaction Went to Lowe's and bought some additional supplies for $278 cash. ej Performed $500 worth of services for Verdus Alton. Verdus immediately paid Mork $380 in cash and will pay the remaining $120 at a later date. Received $350 of cash from Maurice Barkley that will be used to perform services in the future for Maurice. Essay В I g ѕ LA M iii А A This question will be sent to your instructor for grading- < Prev 29 of 32 Next >

Answer 1

Jounral Entries in the books of Mark Moninger ($)

D.	Supplies Dr	278
	To Cash		278
	(Supplies purchased for cash)
E.	Accounts Receivables (Verdes Alton) Dr	120
	Cash Dr	380
	To Service Revenue		500
	(Service Revenue received in Cash and part in future)
F	Cash Dr	350
	To Unearned Revenue (Maurice Markley)		350
	(Revenue received,but not yet earned)