Raisin Buns, Inc., recorded the following transactions in a general journal during the month of March.
|
Cash |
2,280 |
|
|
Service Revenue |
|
2,280 |
|
Wages Expense |
400 |
|
|
Cash |
|
400 |
|
Utilities Expense |
92 |
|
|
Cash |
|
92 |
Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on March 1 was $600.
Q24
Refer back to the Feature Story about The Mug and Musket at the beginning of this
Chapter, and answer the following questions. 1. What accounting entries would Tanis likely make to record?
(a) the receipt of cash from a customer in payment of his or her bill, ( b) payment of a utility bill, and (c)payment of wages for the waiters?
2. How did Tanis’s job as director of finance help in her studies as she finished her business administration degree?