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CASE 1: John Davidson started her practice as a registered interior designer on February 3 of the current year. During the first month of operations,
CASE 1: John Davidson started her practice as a registered interior designer on February 3 of the current year. During the first month of operations, the business completed the following transactions: Feb 3 Davidson contributed $85000 cash and office furniture with a fair market value of $ 6000 from her personal bank account to a business account titled John Davidson, Dietician. Feb 7 Purchased supplies on account: $740 Feb 11 Performed services for a hospital $2100; received $800 immediately in cash and submitted a bill for the rest of the amount, $1300 Feb 15 Paid secretary's salary, $800 Feb 20 Received partial collection from client on account $600 (issued on Feb 11) Feb 22 Davidson purchased a computer for himself at a cost of $2,000, paid cash from personal funds. . Feb23 The Business received $ 1500 for interior services to be performed next month Feb 25 Borrowed $11000 from the bank for business use TIUVOruc VUO 9) Refer to case 1 Which of the following is journal entry for Feb 22? O A. Eqipment 2000 Cash 2000 OB. none of them O C. Expenses Cash 2000 2000 2000 OD. Cash Revenue 2000 O E. No effect Click to select your answer(s)
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