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Provide an example of each title here and then record the journal entries. Following the first given answer. 1-Providing consulting services receiving cash. Given answer:
Provide an example of each title here and then record the journal entries. Following the first given answer.
1-Providing consulting services receiving cash.
Given answer:
Ali company provides consulting service and receives 1,000 cash.
Cash.1,000
Consulting Revenue.1,000
2-Issuing common stocks receiving cash.
3-Purchasing land for cash.
4-Purchasing supplies on credit.
5-Borrowing money from a bank.
6-Paying employees their salaries
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