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1. G. Willickers started a consulting business on Jan 1 of this year Transactions during the first month are as follows. Required: Journalize, post
1. G. Willickers started a consulting business on Jan 1 of this year Transactions during the first month are as follows. Required: Journalize, post to T accounts and prepare a trial balance Amount 1-Jan Invests in business $30,000 2-Jan Pays 3 mos rent on commercial space 3,000 5-Jan Purchases prepaid insurance for three months 1,800 9-Jan Purchases supplies on account 2,100 10- Receives cash for consulting services Jan rendered to ABC 4,500 12- Pays salaries of 3,600 Jan 14- Purchases equipment on a note 6,000 Jan payable 15- Pays advertising for Jan 900 Jan 20- Renders consulting to XYZ and bills Jan them 9,600 28- Pays on Accts Payable from 1/9 2,100 Jan transaction 30- Pays salaries 3,600 Jan 30- Jan Withdraws cash for personal use 2,400 Jan Receives cash from 1/20 transaction 2,100 31
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