The following transactions are February activities of InGolfHelp, which offers indoor golfing lessons. You have...
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Accounting
The following transactions are February activities of InGolfHelp, which offers indoor golfing lessons. You have been hired to analyze the following transactions for a week in February:
February 15
InGolfHelp collected $13,600 from customers for lessons given in February.
February 15
InGolfHelp sold a gift card for golf lessons for $170 cash in February.
February 18
InGolfHelp received $4,000 from credit sales made to customers in January.
February 18
InGolfHelp collected $2,300 in advance payments for golf lessons to start in June.
February 19
InGolfHelp billed a customer $159 for golf lessons given between February 15 and February 18. The bill is to be paid in March.
February 20
InGolfHelp paid $4,050 to its golf instructors for the month of February.
February 21
InGolfHelp paid $1,600 for electricity used in the month of January.
February 22
InGolfHelp received an electricity bill for $800 for the month of February, to be paid in March.
Required: For each of the transactions, prepare journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
make general entry worksheet
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