Answer :-
Date | Account Titles and explanations | Debit | Credit |
Mar 1 | Cash | $20,000 | |
Owner's Capital | $20,000 | ||
Mar 3 | Land | $12,000 | |
Shed | $2,000 | ||
Equipment | $1,000 | ||
Cash | $15,000 | ||
Mar 5 | Adverising Expenses | $ 900 | |
Cash | $ 900 | ||
Mar 6 | Prepaid Insurance | $600 | |
Cash | $600 | ||
Mar 10 | Equipment | $ 1,050 | |
Accounts payable - Stevenson Company | $ 1,050 | ||
Mar 18 | Cash | $ 1,100 | |
Service Revenue | $ 1,100 | ||
Mar 19 | Cash | $1,500 | |
Unearned Service Revenue | $ 1,500 | ||
(No. of Sold Coupon × Each coupon rate = 150 × $10 = $1500) |
|||
Mar 25 | Owner's Drawing | $800 | |
Cash | $800 | ||
Mar 30 | Salaries Expenses | $250 | |
Cash | $250 | ||
( Paid Salaries ) | |||
Mar 30 | Accounts Payable - Stevenson Company | $1,050 | |
Cash | $ 1,050 | ||
(Paid Creditors on Account) | |||
Mar 31 | Cash | $ 2,700 | |
Service Revenue | $ 2,700 |
5 Problem 2-01A Holz Disc Golf Course was opened on March 1 by Ian Holz. The...
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