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

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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
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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

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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.

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