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Mark Gordon decided to start a business as a disc jockey for wedding receptions, reunions, and other parties. His business is called Music Express. Record
Mark Gordon decided to start a business as a disc jockey for wedding receptions, reunions, and other parties. His business is called Music Express. Record the following ournal entries for Music Express (in proper journal entry format): 1. Mark transferred $7,000 from a personal bank account to an account to be used for his business. 2. Purchased $5,700 of stereo equipment on account. 3. Paid for an advertisement in local newspapers, $500. 4. Paid cash for supplies, $75 5. Received $1,000 cash from customers for music provided at class reunions. 6. Paid for stereo equipment purchased in (b). 7. Provided music at a wedding reception; the bride's father was billed $300. Payment is due in 30 days. 8. Paid wages of an assistant, $150. 9. Received cash from the customer billed in (g). 10. Mark withdrew $575 cash for personal use
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