journal entries

deansboy811 · #1 Jul 12, 2007, 12:26 PM

Martin Rental Company

Oct 1 - Martin Buys Two New Saws On Credit At $375.00 Each. The Saws Are Added To Martins Rental Fleet; Payment Is Due In 30 Days

Oct 8 - Martin Accepts Advance Deposits For Tool Rentals Of $75.

Oct 15 – Martin Receives A $150.00 Bill For Electricity Provided By Local Elec. Co.; Payment Is Due In 30 Days.

Oct 20 – Martin Charges Customers $750.00 For Tool Rentals; Payment Is Due From Customers In 30 Days.

Oct 31 – Martin Receives Payments Of $500.00 From Customers Billed For Rentals On October 20.

How Much Is Still Owed Martin From Its Customers?

What Is Martins Income For The Month Of October?

SUZZIE · Jul 12, 2007, 12:50 PM

Quote:

Originally Posted by deansboy811

Martin Rental Company

Oct 1 - Martin Buys Two New Saws On Credit At $375.00 Each. The Saws Are Added To Martins Rental Fleet; Payment Is Due In 30 Days

Oct 8 - Martin Accepts Advance Deposits For Tool Rentals Of $75.

Oct 15 – Martin Receives A $150.00 Bill For Electricity Provided By Local Elec. Co.; Payment Is Due In 30 Days.

Oct 20 – Martin Charges Customers $750.00 For Tool Rentals; Payment Is Due From Customers In 30 Days.

Oct 31 – Martin Receives Payments Of $500.00 From Customers Billed For Rentals On October 20.

How Much Is Still Owed Martin From Its Customers?

What Is Martins Income For The Month Of October?

$425.00



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