Question
Selected transactions for Janina Accounting Company during its first month in business are presented below. Please make the transactions entries for September. - - -
Selected transactions for Janina Accounting Company during its first month in business are presented below. Please make the transactions entries for September. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
September 1. Invested by owner $30000 cash in the business.
Account to be debited is
Account to be credited is
Amount is $ ________
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September 5. Purchased equipment for $15500 paying $6400 in cash and the balance on account.
Account to be debited is
Amount debited is $ ________
Account to be credited is
Amount credited is $ ________
Another account to be credited is
Amount credited is $ ________
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September 11. Performed $4400 of services for clients, collecting $2200 cash and billing them for the remainder.
Account to be debited is
Amount debited is $ ________
Another account to be debited is
Account to be credited is
Amount credited is $ ________
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September 25. Paid the balance due for the September 5 transaction.
Account to be debited is
Account to be credited is
Amount is $ ________
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September 30. Collected $550 from the clients from the September 11 transactions.
Account to be debited is
Account to be credited is
Amount is $ ________
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