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Current Attempt in Progress Journalize the following business transactions in general journal form. (Credit account titles are automatically Indented when the amount is entered. Do
Current Attempt in Progress Journalize the following business transactions in general journal form. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) 1. The owner, Meghan Honour, invests $42,000 in cash to start a ral estate office operating as a sole proprietorship. a 2. Purchased $1,100 of supplies on credit. 3. Purchased equipment for $7,400, paying $3,200 in cash and signed a 30-day, $4,200, note payable. 4. Real estate commissions billed to clients amounted to $4,700. (Hint: Use Service Revenue) 5. Paid $1,400 in cash for the current month's rent. 6. Paid $900 cash on account for supplies purchased in transaction 2. 7. Received a bill for $1,200 for advertising for the current month. 8. Paid $2.900 cash for salaries. 9. Meghan withdrew $1,900 from the business for living expenses. 10. Received a cheque for $3,700 from a client in payment on account for commissions billed in transaction 4. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4.
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