Question
Exercise 4.2 (Static) Recording transactions in the general journal. LO 4-1 Selected activity of Martin Consulting Services follow. DATE 20x1 TRANSACTIONS Sept. 1 Marcus
Exercise 4.2 (Static) Recording transactions in the general journal. LO 4-1 Selected activity of Martin Consulting Services follow. DATE 20x1 TRANSACTIONS Sept. 1 Marcus Martin invested $40,000 in cash to start the firm. 4 Purchased office equipment for $4,350 on credit from Zappo, Inc.; received Invoice 8925, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $28,000 in full payment. 20 Purchased supplies for $550; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $105. 30 Issued Check 1003 for $2,100 to Zappo, Inc., as payment on account for Invoice 8925. 30 Withdrew $3,000 in cash for personal expenses. 30 Issued Check 1004 for $4,500 to pay the rent for October. 30 Performed services for $11,325 in cash. 30 Paid $480 for monthly telephone bill, Check 1005. Prepare journal entries for the transactions incurred during September of 20X1.
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