• September 24th, 2018

Accounting

Paper , Order, or Assignment Requirements

Exercise 3-11
Selected transactions for Sophie’s Dog Care are as follows during the month of March.
March 1 Paid monthly rent of $1,010.
3 Performed services for $120 on account.
5 Performed services for cash of $65.
8 Purchased equipment for $505. The company paid cash of $65 and the balance was on account.
12 Received cash from customers billed on March 3.
14 Paid wages to employees of $440.
22 Paid utilities of $60.
24 Borrowed $1,260 from Grafton State Bank by signing a note.
27 Paid $180 to repair service for plumbing repairs.
28 Paid balance amount owed from equipment purchase on March 8.
30 Paid $1,510 for six months of insurance.
Journalize the transactions. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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