On April 20, Legault Company provides lawn care services to Tazwell Corporation for $3,000 with terms 1/10, n/30. On April 28, Tazwell pays for half of the services provided and on May 19 it pays for the other half. What is the total amount of cash Legault received? a.$3,000 b.$2,970 c.$2,985 d.$2,700

On April 20, Legault Company provides lawn care services to Tazwell Corporation for $3,000 with terms 1/10, n/30. On April 28, Tazwell pays for half of the services provided and on May 19 it pays for the other half. What is the total amount of cash Legault received? a.$3,000 b.$2,970 c.$2,985 d.$2,700

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 18EB: Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. received...

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The company reported the following transactions during the month of June: Journal entry for all, $41,500 for both credits & debits June 1, 2026 Craig contributed $20,000 cash and a truck to the business with a fair market value of $14,000. Craig originally paid $25,000 for the truck. (record as one compound entry) June 5, 2026 Craig paid $300 for advertising in the local newspaper for the month of June. June 8, 2026 Craig purchased and received office supplies on account from Office Plus for $250. Record office supplies as an asset. June 22, 2026 Craig prepaid $1,200 for a one-year insurance policy. Policy begins July 1, 2022. June 25, 2026 Craig received and paid the monthly utility bill in the amount of $100 in cash. June 26, 2026 Craig received a check from Hotels R Cozy for $3,000 for a landscaping project that will begin on July 15, 2022. June 29, 2026 The company paid wages to the employees for the month of $1,250 June 30, 2026 The company received $2,000 in cash for…