Antonio Baldez Operates a Delivery Service

question 65

Essay

Antonio Baldez operates a delivery service. During the month of April, the firm had the following transactions. Record these transactions on page 5 of a general journal. Omit the descriptions
April
1 Issued a check in the amount of $1,000 to pay the monthly rent
2 Antonio made an additional investment of cash in amount of $8,500
4 Performed services for $730 in cash
6 Sent a check in the amount of $350 to the utility company to pay the monthly bill
7 Purchased supplies in the amount of $750 on credit

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Definitions:

Available-for-sale Security

A financial instrument held by a firm not classified as held-for-trading or held-to-maturity, and thus can be sold before maturity.

Management's Intent

Refers to the objectives and plans of the organization's management, often used to guide decisions and strategy.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

International Customer

A client or buyer who purchases goods or services from a business located in a different country.