Katie's Wedding Planning Service completed the following transactions: a. Billed clients for service, $1,250. b. Completed work for clients who paid $500 cash. c. Received a bill for utilities to be paid later, $120. d. Collected cash on account from clients, $700. e. Paid the amount due for utilities. f. Withdrew $500 cash for personal use.
Katie's Wedding Planning Service completed the following transactions:
a. Billed clients for service, $1,250.
b. Completed work for clients who paid $500 cash.
c. Received a bill for utilities to be paid later, $120.
d. Collected cash on account from clients, $700.
e. Paid the amount due for utilities.
f. Withdrew $500 cash for personal use.
Required: Record the above transactions in the
Katie's Wedding Planning Service
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ASSETS |
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LIAB. |
OWNER'S EQUITY |
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Cash + |
Accts.Rec. |
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Accts Payable |
Katie, Capital |
+Rev. |
-Exp. |
-Katie, With. |
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beg. |
$ 800 |
$ 85 |
= |
$300 |
$235 |
$ 900 |
$400 |
$150 |
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a. |
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b. |
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c. |
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d. |
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e. |
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f. |
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Total |
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