: Performed services and received $3,000 cash immediately.
: Performed services for $2,500 and billed the customer (on account). journal-entries-exercises-with-answers
Prepare the journal entries for the following business transactions: : Performed services and received $3,000 cash immediately
: Paid $2,000 toward the equipment purchased in Transaction #2. : Performed services and received $3
: Collected $1,000 from the customer billed in Transaction #5.
: The company buys office equipment for $5,000 on credit. Expense Payment : Paid $1,200 for the current month's rent.