(a)Mark Stein invests $9,200 cash in the business in exchange for shares of common stock. (b)Insurance of...
Fantastic news! We've Found the answer you've been seeking!
Question:
(a)Mark Stein invests $9,200 cash in the business in exchange for shares of common stock.
(b)Insurance of $900 is paid for the year.
(c)Supplies of $2,300 are purchased on account.
(d)Cash of $7,500 is received for services performed.
Journalize the above business transactions.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Debit credit
a)
(Invested cash in the business)
b)
(Paid one-year insurance policy)
c)
(Purchased supplies)
d)
(Received cash for services rendered)
Posted Date: