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Katie's Wedding Planning Service Completed the Following Transactions

Question 50

Essay

Katie's Wedding Planning Service completed the following transactions:
a.Billed clients for service,$1,250.
b.Completed work for clients $200 on account.
c.Received a bill for utilities to be paid later,$120.
d.Collected $700 cash for services performed.
e.Paid the amount due for utilities.
f.Withdrew $500 cash for personal use.
Required: Record the above transactions in the expanded accounting equation.Note that the items have beginning balances.
Katie's Wedding Planning Service completed the following transactions: a.Billed clients for service,$1,250. b.Completed work for clients $200 on account. c.Received a bill for utilities to be paid later,$120. d.Collected $700 cash for services performed. e.Paid the amount due for utilities. f.Withdrew $500 cash for personal use. Required: Record the above transactions in the expanded accounting equation.Note that the items have beginning balances.

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