Flora Accounting Services Completed These Transactions in February

question 99

Essay

Flora Accounting Services completed these transactions in February:
a. Purchased office supplies on account, $300.
b. Completed work for a client on credit, $500.
c. Paid cash for the office supplies purchased in (a).
d. Completed work for a client and received $800 cash.
e. Received $500 cash for the work described in (b).
f. Received $1,000 from a client for accounting services to be performed in March.
Prepare journal entries to record the above transactions. Explanations are not necessary.

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Definitions:

Coregulation

A process where individuals regulate each other's emotions or behaviors through interaction, especially common in close relationships.

Autonomy

The ability or principle of being self-governing or independent; in developmental psychology, it refers to the development of personal independence.

Authoritarian

A leadership or governance style characterized by strict obedience to authority and often a lack of personal freedom.

Physical Punishment

The use of physical force with the intention of causing a child to experience pain, but not injury, for the purpose of correction or control of the child's behavior.