Journalize April transactions

Assignment Help Accounting Basics

Reference no: EM132721494

Question - Al's Plumbing Services has the following account balances as of March 31:

Cash 1500

Accounts Receivable 2,100

Accounts Payable 650

A. Plumber, Capital 2950

The following transactions took place during April:

Services of $ 3,100 were made on account.

Paid April rent of $ 1,100.

Bought $650 of supplies on account. Collected $ 4,000 cash on outstanding customer accounts.

Made payments on account $500.

Instructions -

1. Journalize April's transactions.

2. What are the April 30 account balances? Hint: You may wish to use T accounts.

Reference no: EM132721494

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