Question
1-Mark invested $20,000 cash in the business 2-Purchase equipment for $15,000 in cash 3-Purchase supplies on account for $500.00 4-Billing clients for $3,000 for services
1-Mark invested $20,000 cash in the business
2-Purchase equipment for $15,000 in cash
3-Purchase supplies on account for $500.00
4-Billing clients for $3,000 for services
5-Paid $300.00 for advertising expense for business
Instructions:
Journalize the following transactions. Do not provide explanations.
Please write a correct account titles in complete word. Example: Account Payable.
(Omit a letter S in the end of word).
Trans. | accounttitles | debit | credit |
|
|
|
|
|
|
1a | _______________ | 20,000 |
|
|
2b | ______________ |
| 20,000 |
|
|
|
|
|
|
2a | _____________ | 15,000 |
|
|
2b | _____________ |
| 15,000 |
|
|
|
|
|
|
3a | ________________ | 500 |
|
|
3b | _____________ |
| 500 |
|
|
|
|
|
|
4a | ________________ | 3000 |
|
|
4b | ______________ |
| 3000 |
|
|
|
|
|
|
5a | _________________ | 300 |
|
|
5b | ______________ |
| 300 |
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started