Tim Carla Vista

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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Tim Carla Vista started Carla Vista Roof Repairs on April 2, 2024. by investing $4,200 cash in the business. During April, the followin
transactions occurred:
Apr. 6
Purchased supplies for $1 900 cash.
15
Repaired a roof for a custormer and collected $800 cash.
25
Received $2,600 cash in advance from a custormer for roof repairs to his house and garage.
On April 30, 2024, the following information was available:
1. At April 30, services of $800 were provided but were neither billed nor recorded.
2. There is $1,000 of supplies on hand.
3. Ofthe $2,600 received on April 25, the company has provided services of $1,000 by cormpleting repairs to the garage roof.

 

Assuming the company closes its books on a monthly basis, journalize and post closing entries.

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