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Selected transactions for M. Anderson, an interior decorator, in her first month of business, are as follows: Jan 2 Invested $10,000 cash in business
Selected transactions for M. Anderson, an interior decorator, in her first month of business, are as follows: Jan 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 Required: 1- Prepare the Journal Entries For each Transaction. 2- Post to the Ledger 3- Prepare the Trial Balance. 4- Prepare the Financial Statements.
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