Question
The following transactions occurred during Jan: 1/1 Leonard Matson started a programming service business by investing 500,000 cash. 2/1 purchased equipment for $40,000 cash. 3/1
The following transactions occurred during Jan:
1/1 Leonard Matson started a programming service business by investing 500,000 cash.
2/1 purchased equipment for $40,000 cash.
3/1 purchased furniture for $30,000 paid the half cash and half by notes.
4/1 paid the following: $3,000 rent, $2,000 wages, $3,000 transportation.
5/1 received $50,000 cash for programming services.
7/1 withdrew $5,000 for his personal use.
8/1 performed programming services for $30,000, received the half cash and half by notes.
9/1 paid $10,000 for transaction dated 3/1
10/1 collected $5,000 from transaction dated 8/1.
Required: Record the previous transactions in the journal of Leonard Matson.
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