Question
Exercise 2-3 Selected transactions for Tamarisk, Inc., an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested $16,231 cash
Exercise 2-3
Selected transactions for Tamarisk, Inc., an interior decorating firm, in its first month of business, are as follows.
Jan. 2 | Invested $16,231 cash in the business in exchange for common stock. | |
3 | Purchased used car for $8,873 cash for use in the business. | |
9 | Purchased supplies on account for $541. | |
11 | Billed customers $1,948 for services performed. | |
16 | Paid $216 cash for advertising. | |
20 | Received $844 cash from customers billed on January 11. | |
23 | Paid creditor $325 cash on balance owed. | |
28 | Declared and paid a $541 cash dividend. |
Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
Jan. 2Jan. 3Jan. 9Jan. 11Jan. 16Jan. 20Jan. 23Jan. 28 | |||
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