This is the continuation of Question 3. Thanks xercises 1 Performed services tot

Question

This is the continuation of Question 3. Thanks

xercises 1 Performed services totalling $2,000 on account, terms, n/30. Performed services totalling $5,000 for customers who used debit cards (100 transactions): Collected amounts owing from October 15 transactions. Nov. 15 Collected a Instructions Record the above transactions for Casa Garage Co. . In addition to these transactions, Casa had rent expense of $4.000, supplies expense of $500, and said sense of $5,000 for the months of October and November. Prepare a single-step income scal Garage Co. for the two months ended November 30. er, Prepare a single-step income statement for Casa

Explanation / Answer

Solved qtn on the basis of information provided !!

Date Particulars Debit Credit Oct 30 Accounts Receivable $ 2000 Service Revenue $ 2000 (Provided services on account) Oct 31 Bank $ 5000 Service Revenue $ 5000 (Cash received for services provided) Nov 15 Cash *** Accounts Reveivable *** (Accounts due settled)

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