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Question 1: In March, Abby's Employment Agency had the following transactions: 2022 Mar. 1 Abby Todd invested $5,000 cash in the new employment agency. 4
Question 1: In March, Abby's Employment Agency had the following transactions: 2022 Mar. 1 Abby Todd invested $5,000 cash in the new employment agency. 4 Bought equipment for cash, $200. 5 Earned employment fee commission, $200, but payment from Blue Co. will not be received until June. 7 Paid wages expense, $300. 8 Abby paid her home utility bill from the company chequebook, $75. 11 Performed services at Rick Wool, receiving $1,200 cash. 15 Paid cash for supplies, $200. 28 Telephone bill received but not paid, $180. 29 Advertising bill received but not paid, $400. Mar. The chart of accounts includes Cash, 111; Accounts Receivable, 112, Supplies, 131; Equipment, 141; Accounts Payable, 211; A. Todd, Capital, 311; A. Todd. Withdrawals, 321; Employment Fees Earned, 411; Wage Expense, 511; Telephone Expense, 521; and Advertising Expense, 531. I Your task is to a. Prepare Journal Entries for each transaction
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