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1 of 2 -16 The transactions of Culfumber Brothers Limited are recorded in the general journal below. General Journal Date Account Titles and Explanation Debit
1 of 2 -16 The transactions of Culfumber Brothers Limited are recorded in the general journal below. General Journal Date Account Titles and Explanation Debit Credit 2024 Sept. 1 Cash 20,080 Common Shares 20,080 (Shareholders invested cash in business) 4 Vehicles 40.270 Cash 15,170 Bank Loan Payable 25,100 (Paid cash and issued two-year, 9% bankioan for balance). 8. Rent Expense 1,290 Cash 1,290 (Paid September rent) 15 Prepaid Insurance 590 Cash 590 Paid one-year liability insurance) 18 Cash 3,440 Service Revenue 3.440 [Received cash for delivery semices} 20. Salaries Expense 880 Cash 880 [Paid salaries for current period) 25 Utilities Expense 137 Accounts Payable 137 (Received a bill for September utilities) 30 Dividends Declared 860 Cash 860 (Pai
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