Question

The foilowing selected transactions were completed during March of the current year March1 Billed customers for fees eaned, $74310. 4Purchased supplies on account, $2,000 8Received cash from customers on account, $82,870. 11 Paid creditors on account, $900. Required: A. Journalize these transactions in a two-column jounal. Refer to the list of accounts in the T accounts for exact wording of account titles B. Post the entries prepared in (A) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earnéd. To the left of each amount posted in the accounts, select the appropriate date. C. Assume that the unadjusted trial balance on March 31 shows a credit balance for Accounts Rebeivable. Does this credit balance mean an error has occurred? Keyboard My Work Previous

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