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REGULAR TRANSACTIONS NOT RECORDED YET: TRANSACTION 1 TRANSACTION 2 TRANSACTION...

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Accounting

REGULAR TRANSACTIONS NOT RECORDED YET:
TRANSACTION 1
TRANSACTION 2
TRANSACTION 3
TRANSACTION 4
TRANSACTION 5
3C paid for advertisements in local newspapers to attract potential customers. The
newspaper ads ran in December 2022 and cost $2,500.
In December 2022,3C negotiated a contract with the Massachusetts Board of
Secondary Education (MBSE), under which 3C would provide certain college counseling
services to Massachusetts high school students. MBSE paid $240,000 in December and
3C will begin work under this contract in January 2023.
In December 2022,3C paid $48,000 for an insurance policy that will cover their business
operations for the year 2023(January 1- December 31).
3C bought office supplies from Staples at a total cost of $1,570 in December 2022.
During December 2022,3C collected $800 from a student who had used 3C's consulting
services in November (on account). As of December 31,2022,3C had not yet recorded
this receipt of cash.
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