During february, the activities of Evergreen Landscaping included the folowing transation and events, among others. Which of these items I could use represented expense in March? a. Purchased a copying machine for $3,300 b. Paid $192 for gasoline purchase for a delivery truck during March. c. Paid $2,736 salary to an employee for time worked during March. d. Paid attorney $672 for legal services rendered in January. e. Declared and paid $2,160 dividend to shareholders.
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During february, the activities of Evergreen Landscaping included the folowing transation and events, among others. Which of these items I could use represented expense in March?
a. Purchased a copying machine for $3,300
b. Paid $192 for gasoline purchase for a delivery truck during March.
c. Paid $2,736 salary to an employee for time worked during March.
d. Paid attorney $672 for legal services rendered in January.
e. Declared and paid $2,160 dividend to shareholders.
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- In April, J. Rodriguez established an apartment rental service. The account headings are presented below. Transactions completed during the month of April follow. a. Rodriguez deposited 70,000 in a bank account in the name of the business. b. Paid the rent for the month, 2,000, Ck. No. 101 (Rent Expense). c. Bought supplies on account, 150. d. Bought a truck for 23,500, paying 2,500 in cash and placing the remainder on account. e. Bought insurance for the truck for the year, 2,400, Ck. No. 102. f. Sold services on account, 4,700. g. Bought office equipment on account from Stern Office Supply, 1,250. h. Sold services for cash for the first half of the month, 8,250. i. Received and paid the bill for utilities, 280, Ck. No. 103. j. Received a bill for gas and oil for the truck, 130. k. Paid wages to the employees, 2,680, Ck. Nos. 104106. l. Sold services for cash for the remainder of the month, 3,500. m. Rodriguez withdrew cash for personal use, 4,000, Ck. No. 107. Required 1. Record the transactions and the balance after each transaction. 2. Total the left side of the accounting equation (left side of the equal sign), then total the right side of the accounting equation (right side of the equal sign). If the two totals are not equal, check the addition and subtraction. If you still cannot find the error, re-analyze each transaction.During March, the activities of Evergreen Landscaping included the following transactions and events, among others. Which of these items represented expenses in March? Explain.a. Purchased a copying machine for $2,750 cash.b. Paid $192 for gasoline purchase for a delivery truck during March.c. Paid $2,280 salary to an employee for time worked during March.d. Paid an attorney $560 for legal services rendered in January.e. Declared and paid a $1,800 dividend to shareholders.There were following activities occurred during the first month of Babara Schmidt’s new hair cutting business called The Cutlery: a. On August1, Schmidt put $3,000 cash into a chequing account in the name of The Cutlery. She also invested $15,000 of equipment that she already owned. b. On August1, Schmidt paid $600 cash for six months of insurance effective immediately. c. On August2, she paid $600 cash for furniture for the shop. d. On August3, she paid $900 cash to rent space in a strip mall for August. e. On August4, she furnished the shop by installing the old equipment and some new equipment that she bought on credit for $1,200. This amount is to be repaid in three equal payments at the end of August, September, and October. f. On August5, Cash receipts from haircutting services provided in the first week and a half of business (ended August15) were $225. g. On August15, Schmidt provided haircutting services on account for $100. h. On August17, Schmidt received a $100 cheque in…
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