The October transactions were as follows: Oct. 5 Received $800 cash from customers on account. -10 Billed customers for services performed, $5,500. 15 Paid employee salaries, $1,200. 17 Performed $400 of services for customers who paid in advance in August. 20 Paid $1,600 to creditors on account. 22 Received $200 for services provided for cash (i.e., not on account). 26 Purchased supplies on account, at a cost of $300. 29 Withdrew $500 for personal use. 31 Paid utilities, $600.

The October transactions were as follows: Oct. 5 Received $800 cash from customers on account. -10 Billed customers for services performed, $5,500. 15 Paid employee salaries, $1,200. 17 Performed $400 of services for customers who paid in advance in August. 20 Paid $1,600 to creditors on account. 22 Received $200 for services provided for cash (i.e., not on account). 26 Purchased supplies on account, at a cost of $300. 29 Withdrew $500 for personal use. 31 Paid utilities, $600.

Name: The October transactions were as follows:Oct. 5 Received $800 cash fr
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Description: The October transactions were as follows:Oct. 5 Received $800 cash from customers on account.-10 Billed customers for services performed, $5,500.15 Paid employee salaries, $1,200.17 Performed $400 of services for customers who paid in advance in Aug

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter9: Database Management Systems

Section: Chapter Questions

Problem 5MCQ

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