Assignment 1 ACC 106-100 (1) Compatibility Mode) Mailings Review View v v AaBbCeDdE E 20 Ev av AaBbCcDc AaBbCcDde Heading 1 Heading 5 Question 2: (Total 5 marks: each transaction 0.5 mark) Selected transactions for Mr. Ibrahim, civil engineer, in his first month of business, are as follows. 2 Jan Invested $100,000 cash in the business Purchased two service vehicles for cash at a cost of $24,000 each. Billed customers 56,800 for services performed. Purchased equipment for $50,000. Paid $10,000 cash, signed $40,000 note payable Paid $1,200 for a one-year insurance policy Purchased $5,000 office supplies (an asset) on credit Paid $350 cash for advertising. Received $5000 cash from customers billed on January 3. Paid for the office supplies on January 11 Withdrew $2,300 cash from the business. 29 29 Required Journalize the January transaction. You may omit journal explanations. (5 marks) Transaction Account title Debit Credit