Answer:
1 Paid monthly rent of $910.
Dr Rent expense 910
Cr Cash 910
3 Performed services for $110 on account.
Dr Accounts receivable 110
Cr Service revenue 110
5 Performed services for cash of $55.
Dr Cash 55
Cr Service revenue 55
8 Purchased equipment for $455. The company paid cash of $60 and the balance was on account.
Dr Equipment 455
Cr Cash 60
Cr Accounts payable 395
12 Received cash from customers billed on March 3.
Dr Cash 110
Cr Accounts receivable 110
14 Paid wages to employees of $400.
Dr Wages expense 400
Cr Cash 400
22 Paid utilities of $54.
Dr Utilities expense 54
Cr Cash 54
24 Borrowed $1,140 from Grafton State Bank by signing a note.
Dr Cash 1,140
Cr Notes payable 1,140
27 Paid $170 to repair service for plumbing repairs.
Dr Repairs expense 170
Cr Cash 170
28 Paid balance amount owed from equipment purchase on March 8.
Dr Accounts payable 395
Cr Cash 395
30 Paid $1, 370 for six months of insurance.
Dr Prepaid insurance 1,370
Cr Cash 1,370
