Problem solving

CLO $3-$Unit $7$ & $8-$Record Journal Entries

Maryam started a business Maryam Consultancy on January $12021$ in Abu Dhabi.

Listed below are the transactions of the business in the month of January.

Required:

Apply double entry principles to record journal entries for the transactions below.

Chart of Accounts

Accounts receivable

Cash

Account payable

Equipment

Supplies

Owner's Capital

Salaries expense

Service revenue

Utility expense

Owner withdrawal