Prepare a general journal entry for each transaction of the dog training business. Posting is automatically done by the software. December 9 Provides training services for $$ \$ 2,400 $$ and rents training equipment for $$ \$ 600 $$. The customer is billed $$ \$ 3,000 $$ for these services. December 19 Receives $$ \$ 3,000 $$ cash from the customer billed on Dec. 9 . December 20 Purchases $$ \$ 2,000 $$ of supplies on credit from a supplier. December 23 Receives $$ \$ 1,600 $$ cash in advance of providing a 4 -week training service to a customer. December 29 Pays $$ \$ 1,300 $$ cash as a partial payment toward the accounts payable of Dec. 20. December 30 Withdrawal of $$ \$ 500 $$ cash by the owner for personal use.

Question

UpStudy AI · Accepted Answer

**December 9**  
- Debit: Accounts Receivable $$ \$3,000 $$  
- Credit: Training Service Revenue $$ \$2,400 $$  
- Credit: Equipment Rental Revenue $$ \$600 $$

---

**December 19**  
- Debit: Cash $$ \$3,000 $$  
- Credit: Accounts Receivable $$ \$3,000 $$

---

**December 20**  
- Debit: Supplies $$ \$2,000 $$  
- Credit: Accounts Payable $$ \$2,000 $$

---

**December 23**  
- Debit: Cash $$ \$1,600 $$  
- Credit: Unearned Revenue $$ \$1,600 $$

---

**December 29**  
- Debit: Accounts Payable $$ \$1,300 $$  
- Credit: Cash $$ \$1,300 $$

---

**December 30**  
- Debit: Owner's Drawings $$ \$500 $$  
- Credit: Cash $$ \$500 $$
**December 9** - Debit: Accounts Receivable $$ \$3,000 $$ - Credit: Training Service Revenue $$ \$2,400 $$ - Credit: Equipment Rental Revenue $$ \$600 $$ **December 19** - Debit: Cash $$ \$3,000 $$ - Credit: Accounts Receivable $$ \$3,000 $$ **December 20** - Debit: Supplies $$ \$2,000 $$ - Credit: Accounts Payable $$ \$2,000 $$ **December 23** - Debit: Cash $$ \$1,600 $$ - Credit: Unearned Revenue $$ \$1,600 $$ **December 29** - Debit: Accounts Payable $$ \$1,300 $$ - Credit: Cash $$ \$1,300 $$ **December 30** - Debit: Owner's Drawings $$ \$500 $$ - Credit: Cash $$ \$500 $$

Solución de inteligencia artificial de Upstudy

Responder

Solución

Beyond the Answer

preguntas relacionadas

Latest Other Questions