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How do you record the following transactions and accounts in a general journal form 1.1 Cash account 1.2 Accounts receivable 1.3 Office supplies 2.1 Accounts
How do you record the following transactions and accounts in a general journal form 1.1 Cash account 1.2 Accounts receivable 1.3 Office supplies 2.1 Accounts payable 3.1 Capital stock 3.2 Retained earnings 4.1 Consulting revenue 5.1 Rent expenses 5.2 Utilities expenses The company engaged in the following business activity in January: Jan 15: Invested capital of $50,000. Jan 17: Paid $400 office rent for the remainder of January. Jan 20: Purchased office supplies for $200. The supplies will last for several months, and payment is not due until February 15th. Jan 25: Purchased office equipment for $15,000 cash. Jan 27: Performed consulting services and billed clients for $2,000. The entire amount will not be collected until February. Jan 31: Recorded a $100 utilities expense. Payment is not due until February 20th
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