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Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts. DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested
Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts. DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $59,000 in cash to start the firm. 4 Purchased office equipment for $6,400 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $14,400 in full payment. 20 Purchased supplies for $510; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $165. 30 Issued Check 1003 for $3,650 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $2,900 in cash for personal expenses. 30 Issued Check 1004 for $1,650 to pay the rent for October. 38 Performed services for $2,700 in cash. 30 Paid $430 for monthly telephone bill, Check 1005. Cash Account No. 101 Accounts Receivable Account No. 111 Date Debit Credit Balance Datel Debit Credit Balance Date Supplies Account No. 121 Prepaid Rent Account No. 137 Debit Credit Balance Date Debit Credit Balance
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