Examlex
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.
Service
An intangible act or use benefit provided to satisfy consumer needs or wants, typically not resulting in the ownership of something physical.
First-time Visitors
Individuals who are visiting a website, store, or place for the very first time.
Service
An intangible economic good that involves the provision of labor or expertise rather than a physical product.
Uber
A technology company that offers services such as ride-sharing, food delivery, and a freight carrier platform, primarily known for its mobile app that connects users with drivers.
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