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Melvin's Cleaning Service Completed the Following Transactions

Question 115

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Melvin's Cleaning Service completed the following transactions:
a. Billed clients for service, $1,050.
b. Completed work for clients $400 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.
Melvin's Cleaning Service Melvin's Cleaning Service completed the following transactions: a. Billed clients for service, $1,050. b. Completed work for clients $400 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. Melvin's Cleaning Service

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