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Question 5 (13 marks) Jordan Singh began an engineering design company and during the month of October completed these transactions:(a) Began business by investing cash,
Question 5 (13 marks) Jordan Singh began an engineering design company and during the month of October completed these transactions:(a) Began business by investing cash, $11,000, and computer equipment with a fair value of $3,000. (b) Paid rent for one year in advance, $3,000. (c) Completed a beam design and billed the client for $3,000. (d) Paid the utilities bill for the month, $100. (e) The owner, Jordan withdrew $1,000 from the business account. Prepare journal entries to record the above transactions. Include a brief description for each entry. Date Accounts Debit Credit
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