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Business transactions completed by Jeffrey Wilson during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, and
Business transactions completed by Jeffrey Wilson during the month of September are as follows. Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements.
September Wilson invested $ cash along with office equipment valued at $ in a new sole proprietorship named JW Consulting.
September The company purchased land valued at $ and a building valued at $ The purchase is paid with $ cash and a longterm note payable for $
September The company purchased $ of office supplies on credit.
September Wilson invested a personal automobile in the company. The automobile has a value of $ and is to be used exclusively in the business.
September The company purchased $ of additional office equipment on credit.
September The company paid $ cash salary to an assistant.
September The company provided services to a client and collected $ cash.
September The company paid $ cash for this month's utilities.
September The company paid $ cash to settle the account payable created on September
September The company purchased $ of new office equipment by paying $ cash.
September The company completed $ of services for a client, who must pay within days.
September The company paid $ cash salary to an assistant.
September The company received $ cash in partial payment on the receivable created on September
September Wilson withdrew $ cash from the company for personal use.
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