Question
Make the following journal entries for Entity A in good form. 1. On January 1, 2024, Entity A sold common stock for $45,000 to
Make the following journal entries for Entity A in good form. 1. On January 1, 2024, Entity A sold common stock for $45,000 to investors. 2. On January 3, Entity A purchased $7,000 of supplies on credit. 3. On January 15, Entity A performed services for Entity C for $4,500 on credit. 4. On January 20, Entity A paid its monthly rent of $1,000. 5. On January 25, Entity B paid for half the supplies it purchased on credit (see Item 2). 6. On January 30, Entity A performed services for cash of $4,200. 7. On January 31, Entity A received a check from Entity C for $4,500 (see Item 3).
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
11th Edition
1264229739, 9781264229734
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