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Hello need help asap! Journalize the following business transactions in general journal form. Identify each transaction by number. (If no entry is required, select No
Hello need help asap!
Journalize the following business transactions in general journal form. Identify each transaction by number. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. Received $51,300 from shareholders in payment for common shares issued. 2. Purchased equipment for $92,600, paying $31,300 in cash and signing a bank loan for the balance. 3. Paid $2,500 for a one-year insurance policy. 4. Recorded $26,300 for services provided on account. 5. Paid salaries of $7,800. 6. Received $16,300 in cash for services provided. 7. Collected $5,300 from customers on account. 8. Received $3,300 from a new customer for services to be provided next monthStep by Step Solution
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