Question
1. Bombeck Inc, has the following transactions during August of the current year. August 1. Opens an office as financial advisor, investing $ 5000 in
1. Bombeck Inc, has the following transactions during August of the current year.
August 1. Opens an office as financial advisor, investing $ 5000 in cash in exchange for common stock.
August 4. Pays insurance in advance for 6 months, $ 1800 cash.
August 16. Receives $ 1900 from clients for services performed.
August 27. Pays secretary $ 1000 salary.
Using the data above, journalize the transactions. ( you may omit explanations).
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Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
10th Edition
0324380674, 978-0324380675
