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Hatim Delivery Co. was formed on July1, 2021. The following transactions took place during the first month. July 1: Mr.Haider invested $85,000 cash in the
Hatim Delivery Co. was formed on July1, 2021. The following transactions took place during the first month. July 1: Mr.Haider invested $85,000 cash in the company, as its sole owner. 3: Paid 6 months' rent in advance $ $2,000. 4: Purchased a delivery truck for $1,000 on cash. 6: Paid advertising expense of $1,200. 9: Performed services for $25,000 of which 15,000 is received in cash and the balance is billed to the customers. 20: Received $5,000 from customers in payment of accounts receivable. 22: The owner withdrew $600 cash for personal use. Instructions (a) Journalize the transactions. . (b) Prepare ledger accounts of Cash and Accounts Receivable
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