16. Journalize the following business transactions. (a) Hector Molina invests $9,000 cash in the business in exchange
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16. Journalize the following business transactions.
(a) Hector Molina invests $9,000 cash in the business in exchange for shares of common stock.
(b) Insurance of $800 is paid for the year.
(c) Supplies of $2,000 are purchased on account.
(d) Cash of $7,500 is received for services rendered.
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Related Book For 
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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