Feb17: Purchased $2,000 inventory from Costco on account.
Feb18: Completed a catering service for $5,000;$2,000 cash and the rest on account.
Feb19: Paid its bill for utility (received on Jan 20)
Feb21: Received a utility bill of $450, payable by March 19.
Feb26: Received $3,000 from a customer in advance for a service scheduled for mid of March.
March1: Paid $1,200 for the rent of March.
March3: Paid $2,000 to Future Shop for the purchase of Jan12.
March7: Ordered advertising for $350 on account.
March15: Completed half of the service which was prepaid on Feb 26.
March17: Received $200,000 mortgage from bank and purchased a building for $230,000; down payment $30,000. Prepare journal entry
account.
cash and the rest on account.
19.
Feb26: Received $3,000 from a customer in advance for a service scheduled for mid of March.
March1:Paid $1,200 for the rent of March.
March3:Paid $2,000 to Future Shop for the purchase of Jan12.
March7: Ordered advertising for $350 on account.
March15:Completed half of the service which was prepaid on Feb 26
March17:Received$200,000 mortgage from bank and purchased a building for $230,000;down payment $30,000.