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During the month of July, the following selected transactions took place.

July $2$ Paid $$840$ cash for rent for July, August, and September.

$10$ Purchased $$250$ of supplies for cash.

$14$ Collected the full balance of accounts receivable.

$20$ Received $$620$ cash from a customer for services to be provided in August.

$25$ Provided $$1,200$ of services for a customer and immediately collected cash.

Additional information:

At July $31,$ the company had provided $$920$ of services for a customer that it had not billed or recorded.

Supplies on hand at July $31$ were $$710.$

$3$ The equipment has a six$-$year useful life.

$4.$ As at July $31,$ the company had performed services of $$880$ that had been paid in advance and were recorded as uneamed revenue.

CS Scanned with CamScannerDuring the month of July, the following selected transactions took place.

July $2$ Paid $$840$ cash for rent for July, August, and September.

$10$ Purchased $$250$ of supplies for cash.

$14$ Collected the full balance of accounts receivable.

$20$ Received $$620$ cash from a customer for services to be provided in August.

$25$ Provided $$1,200$ of services for a customer and immediately collected cash.

Additional information:

At July $31,$ the company had provided $$920$ of services for a customer that it had not billed or recorded.

Supplies on hand at July $31$ were $$710.$

$3$ The equipment has a six$-$year useful life.

$4.$ As at July $31,$ the company had performed services of $$880$ that had been paid in advance and were recorded as uneamed revenue.

CS Scanned with CamScanner

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