Journalize the following transactions for Mercado Company for June 2010, the company's first month of operations. You may omit explanations for the transactions.
1. Purchased equipment on account for $3,000.
2. Billed customers $5,000 for services performed.
3. Made payment of $1,500 on account for equipment purchased earlier in month.
4. Collected $2,900 on customer accounts.

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The Answer of Journalize the following transactions for Mercado Company for June 2010, the company's first month of operations. You may omit explanations for the transactions.
1. Purchased equipment on account for $3,000.
2. Billed customers $5,000 for services performed.
3. Made payment of $1,500 on account for equipment purchased earlier in month.
4. Collected $2,900 on customer accounts.

Journalize the Following Transactions for Mercado Company for June 2010