Daniels Company made the following selected transactions during May:
1.
Received cash from sale of stock,$55,000
2.
Paid creditors on account,$7,000
3.
Billed customers for services on account,$2,565
4.
Received cash from customers on account,$8,450
5.
Paid dividends to stockholders,$2,500
6.
Received the utility bill,$160,to be paid next month

Note: Each transaction has two entries.

Question

Daniels Company made the following selected transactions during May:
1.
Received cash from sale of stock,$55,000
2.
Paid creditors on account,$7,000
3.
Billed customers for services on account,$2,565
4.
Received cash from customers on account,$8,450
5.
Paid dividends to stockholders,$2,500
6.
Received the utility bill,$160,to be paid next month
​
Note: Each transaction has two entries.

Quizplus · Accepted Answer

The Answer of Daniels Company made the following selected transactions during May:
1.
Received cash from sale of stock,$55,000
2.
Paid creditors on account,$7,000
3.
Billed customers for services on account,$2,565
4.
Received cash from customers on account,$8,450
5.
Paid dividends to stockholders,$2,500
6.
Received the utility bill,$160,to be paid next month
​
Note: Each transaction has two entries.

Daniels Company Made the Following Selected Transactions During May