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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Munabhai

Transcribed Image Text:Selected transactions for Ayayai's Dog Care are as follows during the month of March.
March 1
Paid monthly rent of $1,440.
3 Performed services for $170 on account.
Performed services for cash of $90.
Purchased equipment for $720. The company paid cash of $95 and the balance was on account.
Received cash from customers billed on March 3.
Paid wages to employees of $630.
Paid utilities of $86.
Borrowed $1,800 from Grafton State Bank by signing a note.
Paid $260 to repair service for plumbing repairs.
Paid balance amount owed from equipment purchase on March 8.
Paid $2,160 for six months of insurance policy. Coverage begins April 1.
5
8
12
14
22
24
27
28
30
Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter O 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. List all debit entries before credit entries.)
Date
Account Titles and Explanation
Debit
Credit
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