Katie's Wedding Planning Service completed the following transactions: (10 MARKS) a. Billed clients for service, $1,350....

Katie's Wedding Planning Service completed the following transactions: (10 MARKS)

a. Billed clients for service, $1,350.

b. Completed work for clients who paid $500 cash.

c. Received a bill for utilities to be paid later, $120. d. Collected cash on account from clients, $800.

e. Paid the amount due for utilities.

f. Withdrew $400 cash for personal use.

Expert Solution

Answer:

Transactions	General Journal	Debit	Credit
a.	Accounts receivable	$ 1,350
	Service Rentered		$ 1,350

b.	Cash	$ 500
	Accounts Receivable		$ 500

c.	Utilities expense	$ 120
	utilities expense payable		$ 120

d.	Cash	$ 800
	Accounts receivable		$ 800

e.	Utilities expense payable	$ 120
	Cash		$ 120

f	Drawings	$ 400
	Cash		$ 400

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