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PART A-PROBLEMS (70%) Problem No.1 (14%) Below are transactions for Tweety Company for its first month of operations. Instructions: Record all the transactions in the
PART A-PROBLEMS (70%) Problem No.1 (14%) Below are transactions for Tweety Company for its first month of operations. Instructions: Record all the transactions in the general journal. Explanations are NOT required. a. Shareholders invested $15,000 cash into the business. General Journal Date Description Debit Credit b. Rented an office and paid one month's rent, $1,100. General Journal Date Description Debit Credit c. Purchased $450 of office supplies on account. General Journal Date Description Debit Credit d. Performed service to a client on account, $1,550. General Journal Date Description Debit Credit Cont'd ... Problem No.1 e. Purchased office furniture at $2,500 and signed a 5-month promissory note. General Journal Date Description Debit Credit f. Paid dividends of $300 to the shareholders. General Journal Date Description Debit Credit g. Collected $1,200 on account. General Journal Date Description Debit Credit
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