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Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez invested $20,000 cash in the company in exchange for common
Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez invested $20,000 cash in the company in exchange for common stock. b. The company provided services to a client and immediately received $900 cash. c. The company received $10,000 cash from a client in payment for services to be provided next year. d. The company received $3,500 cash from a client in partial payment of accounts receivable. e. The company borrowed $5,000 cash from the bank by signing a note payable. 1. Prepare general journal entries for the above transactions of Valdez Services. View transaction list ces Journal entry worksheet 2 3 4 5 Brina Valdez invested $20,000 cash in the company in exchange for common stock Note: Enter debits before credits. Transaction General Journal Debit Credit
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