Here are selected transactions of the Escobedo Shipping Service. Record a journal entry for each transaction.
TRANSACTIONS
Gave a cash refund of $875 to a customer because of a lost package. (The customer had previously paid in cash.)
Sent a check for $1,250 to the utility company to pay the monthly bill.
Provided services for $8,700 on credit.
Purchased new equipment for $6,400 and paid for it immediately by check.
Issued a check for $5,300 to pay a creditor on account.
Performed services for $16,775 in cash.
Collected $6,250 from credit customers.
The owner made an additional investment of $25,000 in cash.
Purchased supplies for $2,350 on credit.
Issued a check for $3,750 to pay the monthly rent.
TRANSACTIONS
Gave a cash refund of $875 to a customer because of a lost package. (The customer had previously paid in cash.)
Sent a check for $1,250 to the utility company to pay the monthly bill.
Provided services for $8,700 on credit.
Purchased new equipment for $6,400 and paid for it immediately by check.
Issued a check for $5,300 to pay a creditor on account.
Performed services for $16,775 in cash.
Collected $6,250 from credit customers.
The owner made an additional investment of $25,000 in cash.
Purchased supplies for $2,350 on credit.
Issued a check for $3,750 to pay the monthly rent.