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Please create the journal entry for each transaction in the general journal. LeBron is a licensed CPA. During the first month of operations of his
Please create the journal entry for each transaction in the general journal.
LeBron is a licensed CPA. During the first month of operations of his business (a sole proprietorship), the following events and transactions occurred. April 2 Invested $73,600 cash and equipment valued at $32,200 in the business. 2 Hired a secretary-receptionist at a salary of $667 per week, payable monthly. 3 Purchased supplies on account $1,610. 7 Paid office rent of $1,380 for the month. 11 Completed a tax assignment and billed client $2,530 for services rendered. 12 Received $7,360 advance on a management consulting engagement. 17 Received cash of $5,290 for services completed for Mozgov Co. 21 Paid insurance expense $253. 28 Purchased a new computer for $14,030 with personal funds. (The computer will be used exclusively for business purposes.) 30 Paid secretary-receptionist $2,668 for the month. 30 A count of supplies indicated that $500 of supplies had been used. Required: Record the journal entry for each transaction in the general journal. You canStep by Step Solution
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