Q2. 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:

ABC company provides consulting services and receives 1,000 cash.

Journal entry:

Dr.Cash. 1,000

Cr.Consulting Revenue. 1,000

2-Investment by an owner.

3-Purchasing equipment for cash.

4-Purchasing supplies on credit.

5-Borrowing money from a bank.

6-Paying investors their shares of dividends.