Prepare general journal entries for the following transactions of Green Energy Company. Use the following (partial) chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting Revenue; and Utilities Expense. May 1 The company billed a customer $2,000 in consulting revenue for sustainable proposals. 3 The company purchased $300 of energy-efficient supplies on credit. 9 The company collected $500 cash as partial payment of the May 1 consulting revenue. 20 The company paid $300 cash toward the payable for energy-efficient supplies. 31 The company paid $100 cash for May’s renewable energy utilities.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Prepare general journal entries for the following transactions of Green Energy Company. Use the following
(partial) chart of accounts: Cash; Accounts Receivable; Supplies; Accounts Payable; Consulting
Revenue; and Utilities Expense.
May 1 The company billed a customer $2,000 in consulting revenue for sustainable proposals.
3 The company purchased $300 of energy-efficient supplies on credit.
9 The company collected $500 cash as partial payment of the May 1 consulting revenue.
20 The company paid $300 cash toward the payable for energy-efficient supplies.
31 The company paid $100 cash for May’s renewable energy utilities.

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