Journalize the Following Transactions for Xiu Xiu Company for June

question 196

Essay

Journalize the following transactions for Xiu Xiu Company for June 2015, the company's first month of operations. You may omit explanations for the transactions.
1. Purchased equipment on account for $9,000.
2. Billed customers $5,000 for services performed.
3. Made payment of $2,300 on account for equipment purchased earlier in month.
4. Collected $2,900 on customer accounts.

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Definitions:

Demographic Surveys

Research tools used to collect data about the characteristics of a population, such as age, gender, income, etc.

Safety and Security

Refers to measures and protocols implemented to protect individuals, data, and assets from harm or unauthorized access.

Acceptance

Acceptance is the act of agreeing to receive or undertake something offered, or the recognition and approval of a situation or condition as it is.

Status

The current condition or situation of a project, person, or entity, often used to indicate progress or standing.