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Q1- Provide an example of each title here and then record the journal entries (2 Marks) Following is the first given answer. 1-Providing consulting services

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Q1- Provide an example of each title here and then record the journal entries (2 Marks) Following is 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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