TreTech Corporation (TreTech) sells technology products and provides technology services to customers. The company had the Following transactions: 1. TreTech purchased a cash register (to be used for the business) on account for $850. 2. The company received $3,070 from customers for selling technology products. 3. TreTech paid $620 for its utility bill. 4. The company provided services of $495 to customers on account.
TreTech Corporation (TreTech) sells technology products and provides technology services to customers. The company had the Following transactions: 1. TreTech purchased a cash register (to be used for the business) on account for $850. 2. The company received $3,070 from customers for selling technology products. 3. TreTech paid $620 for its utility bill. 4. The company provided services of $495 to customers on account.
TreTech Corporation (TreTech) sells technology products and provides technology services to customers. The company had the Following transactions: 1. TreTech purchased a cash register (to be used for the business) on account for $850. 2. The company received $3,070 from customers for selling technology products. 3. TreTech paid $620 for its utility bill. 4. The company provided services of $495 to customers on account.
After analyzing the transactions, prepare a journal entry for each transaction
Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.
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