Question

sements Exercise 2-08 Selected transactions for Blue Spruce's Dog Care are as follows during the month of March. March 1 Paid monthly rent of $1,390. 3 Performed services for $160 on account. 5 Performed services for cash of $85. 8 Purchased equipment for $695. The company paid cash of $95 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid salaries and wages to employees of $610. 22 Paid utilities of $84. 24 Borrowed $1,740 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 $2,400 for six months of insurance. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account title Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit > CS204_09_Budget.docx

Answer 1

March	Particulars	Debit	Credit
1	Rent	$ 1,390.00
	Cash		$ 1,390.00
3	Accounts Receivable	$     160.00
	Service Revenue		$     160.00
5	Cash	$        85.00
	Service Revenue		$        85.00
8	Equipent	$     695.00
	Cash		$        95.00
	Accounts payable		$     600.00
12	Cash	$     160.00
	Accounts Receivable		$     160.00
14	Salaries and Wages	$     610.00
	Cash		$     610.00
22	Utilites	$        84.00
	Cash		$        84.00
24	Cash	$ 1,740.00
	Notes Payable		$ 1,740.00
27	Repair Service	$     260.00
	Cash		$     260.00
28	Accounts payable	$     600.00
	Cash		$     600.00
30	Prepaid Inaurance	$ 2,400.00
	Cash		$ 2,400.00