Question
Selected transactions for Mr. Ibrahim, civil engineer, in his first month of business, are as follows. 2 Jan Invested $100,000 cash in the business 2
Selected transactions for Mr. Ibrahim, civil engineer, in his first month of business, are as follows.
2 Jan | Invested $100,000 cash in the business |
2 | Purchased two service vehicles for cash at a cost of $24,000 each. |
3 | Billed customers $6,800 for services performed. |
3 | Purchased equipment for $50,000. Paid $10,000 cash, signed $40,000 note payable |
9 | Paid $1,200 for a one-year insurance policy |
11 | Purchased $5,000 office supplies (an asset) on credit |
16 | Paid $350 cash for advertising. |
20 | Received $5000 cash from customers billed on January 3. |
29 | Paid for the office supplies on January 11 |
29 | Withdrew $2,300 cash from the business. |
Required
Journalize the January transactions. You may omit journal explanations.
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