Question
Michael Green started a business and completed the following transactions for April 2021: 1. Michael invested $50,000 in his new business. 2. Bought office furniture
Michael Green started a business and completed the following transactions for April 2021:
1. Michael invested $50,000 in his new business.
2. Bought office furniture in cash $ 2,000
3. Purchased office supplies $500 on account
4. Purchased a computer on account, $1,000
5. Purchased a printer for cash, $ 200.
6. Paid rent for the month, $ 2,500.
7. Paid $500 for computer repairs.
8. Received $ 9,000 cash for services performed to a customer.
9. Paid salaries of employees, $3,000.
10. Michael withdrew $1,000 for personal use.
11. Paid for advertisement $ 1,900 cash.
12. Got a loan from Chase bank $ 15,000
13. Charged a fee to a customer $ 15,000 to be received next month.
14. Paid Internet bill, $200.
15. Paid to Chase $ 1,000 cash.
16. Paid utility bill, $250.
17. Purchased office supplies $ 1,500 on account.
18. Received the cash from credit customers $ 5,000.
19. Paid cleaning $ 500 cash.
20. Returned the printer purchased on December 5 and got a refund.
Required: General Journal
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