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Ex. 1: Journalizing Transactions Jan.1, the owner of Ann's Delivery Service Company, Ann Moe, invested $25,000 cash to get the business started. Jan. 3, the
Ex. 1: Journalizing Transactions Jan.1, the owner of Ann's Delivery Service Company, Ann Moe, invested $25,000 cash to get the business started. Jan. 3, the business purchased office equipment on account for $1,500.- Jan. 5, office supplies were purchased for $450 cash. Jan. 10, the company paid $700 toward what was owed on a previous obligation (the office equipment purchased Jan. 3).' Jan. 12, delivery services were performed which resulted in delivery fees + for $500, which will be paid in two weeks. Jan. 15, the business borrowed $4,000 at the bank, giving a 30-day note. Jan. 17, the owner withdrew $200 cash for personal use. Jan. 20, delivery services were rendered for $2,500 cash. Jan. 22, the business received $500 cash for services previously performed on account on Jan. 12.4 Jan. 25, the office rent of $1,000 was paid from cash. Jan. 28, the telephone bill of $75 was paid from cash. Assets ? Liabilities = ? Owner's Equity = ? Net Income =
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