Jonathan Wen started a business to offer development of online stores for small businesses. Record the following
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Jonathan Wen started a business to offer development of online stores for small businesses. Record the following transactions in the journal of the business. Include an explanation with each journal entry.
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Sep. 1 223 Wen invested $29,000 cash in a business bank account to start his business. The business received the cash and gave Wen owner's equity in the business. Purchased computer equipment on account, $9,500. Paid cash for September's office rent of $4,100. Recorded $6,800 revenue for services rendered to clients on account.
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Date Account Debit Credit Explanation Sep 1 Cash 29000 Jonathan Wen invested 29000 cash in a busines...View the full answer
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Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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