Scott Jameson opened Jameson Translation Services on January 2, 2020. During the first month of operations, the business completed the following transactions:

Required Record each transaction in the journal with an explanation, using the account titles given. Use the following accounts: Cash; Accounts Receivable; Supplies; Furniture; Land; Accounts Payable; Scott Jameson, Capital; Scott Jameson, Withdrawals; Translation Revenue; Rent Expense; Salaries Expense; Utilities Expense.

Transcribed Image Text:

Jan. 2 3 33 3 4 7 11 The business received $60,000 cash from Jameson, which was deposited in a business bank account. Purchased supplies, $750, and furniture, $2,800, on account. Paid January's rent expense with cash, $1,100. Performed translation services for a client and received cash, $2,250. Paid $38,000 cash to acquire land for a future office site. Translated a brochure for a client and billed the client $1,200. 15 Paid the office manager his salary, S975 cash. 16 Paid cash for the furniture purchased January 3 on account. 18 Received partial payment from a client on account, $600 cash. 122 19 22 29 31 31 Translated legal documents for a client on account, $11,350. Paid cash for the water and electricity bills, $300. Received $2,700 cash for translation for a client in an overseas business transaction. Paid the office manager's salary, $975 cash. Jameson withdrew $12,000 cash for personal use.