Question

Enter the transactions into the Journal Post the transactions to T-accounts determine each account's ending balance. C. a. 1 March, John bought $2,600 of supplies on account from a local office supplier. b. 15 March, John billed his customers for $4,300 of services for the month. 25 March, John received $3,500 in payments for the services billed on 15 March d. 27 March, John paid $1,200 to the local office supplier for the supplies bought on 1 March General Journal Date Account Debit Credit +

Answer 1

General jounel Debit & credits Date Account Q600 Omarch Supplier purchase ale or To Supplier alc 15 March by v Customers all 4300 To sale of sonice ale 3500 25 March Bare / cash all or To customers ale 3506 1200 27 march 1200 supplier al resto To Banu | can ald Assets Bank/ cash ale Customer all 2600 supplierale Customer ale 3500 sale of service 4800 | By back 3500 Balance old १०० Balance ald 300 1200 3500 4300 3500 4200 supplies alc 2600 2600 Balance . ald to supplier ale 2600 2600 Liability Supplier all Revenue to bannel and 1200 My supplies 2600 ale Scale of sowice ale ale By balance eld aushner 4300 ale 1400 1o bulanul 4300 2600 ud 12600 19300 4300