Sunland, Inc
Subject:AccountingPrice: Bought3
Sunland, Inc. had the following transactions during the first month of business as a proprietorship. Journalize the transactions.
Mar.1 Invested $30,000 cash.
3 Purchased $8,700 of equipment for the business with cash.
6Purchased supplies on account for $820 (Debit asset account).
15 Paid March rent of $2,500.
28Performed engineering services for clients, for which $1,400 was collected in cash and $6,200 was billed to the clients.
