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Selected transactions for B. Madar, an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested exist19, 857 cash in
Selected transactions for B. Madar, an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested exist19, 857 cash in the business in exchange for common stock. 3 Purchased used car for exist9, 267 cash for use in the business. 9 Purchased supplies on account for exist662. 11 Billed customers exist2, 383 for services performed. 16 Paid exist265 cash for advertising. 20 Received exist927 cash from customers billed on January 11. 23 Paid creditor exist397 cash on balance owed. 28 Declared and paid a exist1, 324 cash dividend. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles i amount is entered. Do not indent manually.)
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