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Mr. Hollywood opened a health food consulting business on October 1, 2021. During the month, the following transactions occurred: A. Mr. Hollywood transferred $5,000 from

Mr. Hollywood opened a health food consulting business on October 1, 2021. During the month, the following transactions occurred:

A. Mr. Hollywood transferred $5,000 from a personal bank account to an account to be used by the business.

B. Paid advertising expense, $1,800

C. A client called to book Mr. Hollywoods time in November; My. Hollywood gave a quote of $1,000.

D. Mr. Hollywood completed a review of a clients dietary intake for one week and charged the client $500. The client has not yet paid.

E. Paid cash for misc. items, $50

F. Paid telephone bill for the month, $180

G. Withdrew cash for personal use, $2,000

Journalize the above transactions directly in the following accounts:

Cash; Accounts Receivable; Mr. Hollywood, Capital; Mr. Hollywood, Withdrawals; Advertising Expense; Miscellaneous Expense; Fees Earned; Telephone Expense;

Account

Debit (DR)

Credit (CR)

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