5-1 Work Together P.128 Answers -

Mar. 1
Supplies ______ 200
 Cash ________ 200
(Paid cash for supplies, C101)

Mar. 3
Cash __________ 500
 Fees Earned _______ 500
(Received cash for services, R10)

Mar. 5
Rent Expense ___ 800
 Cash ________ 800
(Paid monthly rent, C102)

Mar. 8
Accounts Receivable – Customer Name __ 300
 Fees Earned ______________________ 300
(Sold services on account, S101) 5-1 Work Together P.128 Answers

Model 1 — planning a class presentation: A: “How about we split the presentation into three parts? I can do the introduction.”
B: “That sounds good. I’ll cover the main points. Can you handle the visuals?”
A: “Yes. I think we should meet once to rehearse on Wednesday because the presentation is on Friday.”
B: “I agree. Also, let’s check our sources so we don’t miss any facts.”
A: “Good idea. If we run out of time, we’ll shorten each section by 30 seconds.”

Model 2 — organizing a charity event: A: “Why don’t we ask classmates to donate baked goods and set a signup sheet?”
B: “I’m not sure that will be enough money. How about we also sell tickets for a small show?”
A: “That could work — I’ll organize the show schedule if you handle the food.”
B: “Deal. Let’s promote it with posters and social media this week.”

Practice recording transactions in a general journal using correct date, account titles, debit/credit columns, and source document references.

Suppose the problem on page 128, section 5-1, is:

"Tom and Alex can paint a room together in 4 hours. If Alex paints alone, he can finish the room in 6 hours. How long would it take Tom to paint the room alone?" Presentation (5 min)

Scenario: The business pays cash for the current month's rent.

If you can reply with the actual text or a photo description of the 5-1 Work Together table from page 128, I’ll complete it exactly for you.