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MAD Consulting, a sole proprietorship, completed the following transactions during September 2022 Sept 1 Billy Unger, the owner, transferred title of his 3D printing system
MAD Consulting, a sole proprietorship, completed the following transactions during September 2022 Sept 1 Billy Unger, the owner, transferred title of his 3D printing system equipment into the business. The equipment has a fair value of $26,000. 2 Purchased $5,200 of office equipment by paying $1,500 cash and the balance to be paid in 20 days. 6 Completed $2,200 of consulting services for a client, who will pay in 30 days. 8 Purchased an $78,000 building by signing a 3 year 6% note with his financial institution. 11 Paid $650 for October's advertisement that will be in the newspaper. 12 Placed an order with a company for $890 of supplies to be delivered October 25. The order must be paid for within 30 days after it arrives. 14 Received a $1350 prepayment from a client for services to be provided in October 22 Paid for the purchase on September 2. 25 Received $1,280 as partial payment for the work completed from the September 6 transaction 30 Billy Unger withdrew $1,850 cash from the business for personal use. I REQUIRED: Prepare the journal entries for the above transactions on the general journal form provided in the Excel Data sheet. NOTE: Explanations are NOT required for journal entries Prepare the journal entries for the transactions on the general journal form provided DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT 01-Sep 0 02-Sep 1 2 3 4 06-Sep 17 0 000 au 08-Sep
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