Question
April 1 Received cash investment from the owner 14,000 and a building valued at 80,000 April 2 Received cash for providing accounting services 9,500 April
April 1 Received cash investment from the owner 14,000 and a building valued at 80,000
April 2 Received cash for providing accounting services 9,500
April 3 Billed customer on account for services provided 4,200
April 4 Paid advertising expense 700
April 5 Received cash from customers on account 2,500
April 6 Owner withdrew 1,010 cash for personnel use
April 7 Received telephone bill 900
April 8 Paid telephone bill 900
you are to prepare journal entries in the answer box.For example, if the business purchases equipment for cash for $5000 the entry is as follows:
Equipment5000
Cash5000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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