Question
Selected transactions for M. Anderson, an interior decorator, in her first month of business (January, 2013), are as follows. January 2. Invested $10,000 cash in
Selected transactions for M. Anderson, an interior decorator, in her first month of business (January, 2013), are as follows.
January 2. Invested $10,000 cash in business.
3. Purchased used car for $4,000 cash for use in business.
9. Purchased supplies on account for $500.
11. Billed customers $2,100 for services performed.
16. Paid $350 cash for advertising.
20. Received $700 cash from customers billed on January 11.
23. Paid creditor $300 cash on balance owed.
28. Withdrew $1,000 cash for personal use by owner.
Instructions
(a) Journalize the transactions.
(b) Open ledger accounts and post the transactions
(c) Calculate the balance of the ledger accounts
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