1. The construction company billed Chipotle for partial construction work done on the new branch in the amount of $20. The amount due stated in the bill was $5 after the construction company applied the initial $15 payment Chipotle made in Q1. Chipotle uses the account "Buildings" for all construction in progress. 2. Paid employees $93 in wages which included $83 in wages from the previous year and the rest for work during the year. 3. Incurred $30 utilities expense for the year. The company paid for the entire amount in cash except for a $2 utility bill it received in December 2018 which will be paid in January. The company also paid off all unpaid utilities from last year in 2018.

1. The construction company billed Chipotle for partial construction work done on the new branch in the amount of $20. The amount due stated in the bill was $5 after the construction company applied the initial $15 payment Chipotle made in Q1. Chipotle uses the account "Buildings" for all construction in progress. 2. Paid employees $93 in wages which included $83 in wages from the previous year and the rest for work during the year. 3. Incurred $30 utilities expense for the year. The company paid for the entire amount in cash except for a $2 utility bill it received in December 2018 which will be paid in January. The company also paid off all unpaid utilities from last year in 2018.

Name: 1 to 3. Accounting Entries 1. The construction company billed Chipotle
Uploaded: 2024-03-04T10:43:15.000Z
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Description: 1 to 3. Accounting Entries 1. The construction company billed Chipotle for partial construction work done on the new branch in the amountof $20. The amount due stated in the bill was $5 after the construction company applied the initial $15 paymentCh

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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