Katie's Wedding Planning Service completed the following transactions: (10 MARKS) a. Billed clients for service, $1,350. b. Completed work...

Free

90.2K

Verified Solution

Question

Accounting

Katie's Wedding Planning Service completed the followingtransactions: (10 MARKS)
a. Billed clients for service,$1,350.
b. Completed work for clients who paid$500 cash.
c. Received a billfor utilities to be paid later, $120. d. Collected cash on accountfrom clients, $800.
e. Paid the amount due forutilities.
f. Withdrew $400 cash for personaluse.

Answer & Explanation Solved by verified expert

4.4 Ratings (610 Votes)

Answer:

Transactions	General Journal	Debit	Credit
a.	Accounts receivable	$ 1,350
	Service Rentered		$ 1,350

b.	Cash	$ 500
	Accounts Receivable		$ 500

c.	Utilities expense	$ 120
	utilities expense payable		$ 120

d.	Cash	$ 800
	Accounts receivable		$ 800

e.	Utilities expense payable	$ 120
	Cash		$ 120

f	Drawings	$ 400
	Cash		$ 400

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

Katie's Wedding Planning Service completed the followingtransactions: (10 MARKS)a. Billed clients for service,$1,350.b. Completed work for clients who paid$500 cash.c. Received a billfor utilities to be paid later, $120. d. Collected cash on accountfrom clients, $800.e. Paid the amount due forutilities.f. Withdrew $400 cash for personaluse.