3. How much does the business owe?
4. How much net income or net loss did Morton Company have for the m
2) Anya Smith started Geek Speak, a computer consulting business, in Februa
the following transactions during March, 2012:
1. Geek Speak paid Anya a dividend of $1,000.
2. Received partial payment from customers on account, $1,500.
3. Paid the employees their monthly salary of $2,800.
4. Recorded $4,000 of revenue on account and mailed invoices to the custor
5. Purchased office supplies of $600 on account.
6. Paid for the office supplies purchased on account, $600.
REQUIRED:
Journalize the transactions.
Debit
1- cash
credit
A-1
