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Directions: Read the following questions carefully and provide the details/data required. 1. Tata Company has engaged in the following transactions during May: May 1
Directions: Read the following questions carefully and provide the details/data required. 1. Tata Company has engaged in the following transactions during May: May 1 May 4 May9 Ma 20 May 24 Required: Invested $40000 as capital in the business. Paid cash $30000 to purchase building. Performed services for a customer on account $4500. Purchased equipment on credit, $3500. Withdrew $1900 for personal use. Journalize the transactions. (1 mark each for 5 journal entries (1x5=5 marks) and 2 marks for explanations = 7 marks) 2. The following co
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