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QUESTION 5 4 Leonard Matson completed these transactions during December of the current year: Dec. 1 Began a financial services business by investing $5,000 cash
QUESTION 5 4 Leonard Matson completed these transactions during December of the current year: Dec. 1 Began a financial services business by investing $5,000 cash and office equipment having a value of $25,000. 3 Completed work for Acme Loan Co. on credit, $1,000. Paid for the annual insurance premium, $2,400. 7 Received cash in full from Acme Loan Co. for the work completed December 3. 8 Leonard withdrew $4,000 cash for personal expenses 13 Paid $100 cash for the December utility bill. 15 Received $5,000 from a client for services to be rendered next year. 17 Purchase $8,900 of office equipment on credit. 19 Purchase $760 of office supplies on credit. 23 Completed work for a client and immediate received the Cash of $6,500. 30 Paid for the office supplies purchased on credit on December 19. REQUIRED: Prepare general journal entries to record these transactions
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