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L M N Jenny Watson started her consulting business, Jenny Consulting, in 2020. During January 2021, Jenny Consulting had the 2 following transactions: 4
L M N Jenny Watson started her consulting business, Jenny Consulting, in 2020. During January 2021, Jenny Consulting had the 2 following transactions: 4 5 16 7 8 9 10 11 12 January 3 9 Received cash from clients for payment in advance for services to be provided in future, $2,000 Paid cash for advertisement expenses, $300 16 Paid total cash of $3,400 for salaries, including January salaries of $2,200 and $1200 of salaries payable from December 20 Purchased supplies on account, $400 22 Received cash from clients on account, $1,800 25 Performed services on account and billed clients for services provided, $900 28 Received cash for services performed in January, $3,800 29 Jenny withdrew $1,300 from capital 30 Paid cash for telephone bill, $250 14 Required: 1. Record the January transactions in the general journal. Please include an explanation for each journal entry. 2. Post the journal entries in the general ledger
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