Elena Duval is the owner of Re-Doo Services. The following transactions need to be recorded...
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Elena Duval is the owner of Re-Doo Services. The following transactions need to be recorded for her business. Aug 1 Prepaid $4.800 of insurance for one year. Aug 2 Prepaid $3,000 of rent for three months. Aug 3 Received a maintenance bill for $960 which will be paid next month. Aug 4 Received $3,890 cash for services provided. Aug 7 Took out a loan from the bank for $8,000. Aug 10 Paid telephone expenses for the month with $170 cash. Aug 12 Paid $880 cash to reduce the balance of accounts payable. Aug 31 Paid $20 of interest on the bank loan Aug 31 Incurred $400 of prepaid insurance. Aug 31 Depreciated equipment for $270. Aug 31 Incurred $1,000 of prepaid rent
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