Question
1. Newspaper Co. issued stock to investors in exchange for $20,000 cash 2. Newspaper Co. purchased office equipment that costs $6,000. newspaper paid $2,000 cash
1. Newspaper Co. issued stock to investors in exchange for $20,000 cash
2. Newspaper Co. purchased office equipment that costs $6,000. newspaper paid $2,000 cash and signed a promissory note to pay the remainder in three months
3. Newspaper Co. provided online advertising services for another company for $340 on account
4. on the last day of the month, Newspaper Co. paid $100 cash to run an ad promoting the company;s services
5. recieved $275 cash in fees for the month from new customers
6. recieved an electricity bill for $134 for usage this month. the bill will be paid next month
7. billed a customer $348 for services rendered and expects to recieve the customers payment by the end of next month.
PREPARE JOURNAL ENTRY
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