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Problem 2-4 business actions that initially occurred. $60,000 in the firm. b. c. d. e. f The S. D. Lloyd Counseling entity recently began business.
Problem 2-4 business actions that initially occurred. $60,000 in the firm. b. c. d. e. f The S. D. Lloyd Counseling entity recently began business. Listed below are the The owner, S. D. Lloyd, invested office equipment valued at $5,000 and Purchased a customer data base for promotional purposes, $250. Open t-accounts for each account. Transfer the journal data to the t-accoun h. i. j. Required a. Prepare journal entries using the account titles listed below. Cash S.D., Lloyd Capital Accounts Receivable S.D., Lloyd Withdrawals Office Supplies Service Revenue Customer Data Base Advertising Expense Office Equipment Salaries Expense Accounts Payable Utilities Expense Unearned Service revenue Paid an advertising agency $1,800 for advertisements. Provided service to a client and received $3,000. Received advance payment from client, $4,500. Provided service to client on account, $3,200. Owner withdrew $150 for personal use. Paid employees, $5,000. Received utility bill to be paid next month, $250. Purchased office supplies on account, $300
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