Question
Record the following transactions. (If no entry is required for a transaction/event, select No journal entry required in the first account field.) (a) Started business
Record the following transactions.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
(a) Started business by issuing 10,000 shares of common stock for $27,000.
(b) Hired Rebecca as an administrative assistant, promising to pay her $2,500 every two weeks.
(c) Rented a building for three years at $570 per month and paid six months' rent in advance.
(d) Purchased equipment for $5,700 cash.
(e) Purchased $2,200 of supplies on account.
(f) Provided services to customers for $7,100 cash.
(g) Paid employees salaries, $5,400.
(h) Paid for supplies purchased in item (e).
(i)Paid $820 for current advertising in a local newspaper.
(j) Paid utility bill of $1,800 for the current month.
what are the journal entries:
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