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5 Dylan Smith opened Dilly's Car Services on 1 March 2021. During the first month of operations the following transactions occurred: March1 Dylan invested $60
5 Dylan Smith opened Dilly's Car Services on 1 March 2021. During the first month of operations the following transactions occurred: March1 Dylan invested $60 000 cash in the business. 2 Paid $3000 cash for car wash building rent for the month of March. 3 Purchased car wash equipment for $35 000, paying $20 000 in cash and $15 000 on credit. 4 Paid $2200 for a one-year car wash insurance policy. 10Received a bill from the advertising agency for advertising the opening of the car wash service, $500. 15Performed car wash services on account for $9200. 20Dylan withdrew $700 cash for his personal use. 31 Received $4000 from customers invoiced on 15 March. Required Prepare general journals to record the above transactions for the month ended 31 March 2021. Narrations are required. A B U I 8 - Dylan Car Services General Journal Date Account Name & Narration Debit ($) Credit ($)
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