Exercise 4.2 (Algo) Recording transactions in the general journal. LO 4-1 Here are selected transactions of Mason Consulting Services. Record a journal entry for each transaction. DATE TRANSACTIONS 20x1 Sept. 1 Zack Mason invested $53,000 in cash to start the firm. 4 Purchased office equipment for $5,000 on credit from Der, Inc. received Invoice 9823, payable in 30 days. 16 Purchased on automobile that will be used to visit clients, issued Check 1001 for $13,800 in full payment. 20 Purchased supplies for $450; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $135. 30 Issued Check 1003 for $3,500 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $2,300 in cash for personal expenses. 30 Issued Check 1004 for $1,358 to pay the rent for October 30 Performed services for $2,400 in cash. 30 paid $400 for monthly telephone bill, Check 1885. Journal entry worksheet

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