Question
Vincent opened a hotel company on January 1 of the current year. During the first month of operations, the business completed the following transactions: 1)Vincent
Vincent opened a hotel company on January 1 of the current year. During the first month of operations, the business completed the following transactions:
1)Vincent invested $100,000 + 10*2 cash in hotel company to be known as Best Home Corporation.
2)Paid cash to supplier on account, $1,000 + 10*2.
3)Paid $7,200 + 10*2 cash for a one-year insurance policy on the hotel.
4)Performed room service for a client and received cash, $6,200 + 10*2. 5)Received $3,200 + 10*2 from customers in payment of accounts receivable.
6)Purchased supplies, $1,200 + 10*2, and furniture, $2,000 + 10*2, on account.
Required: Journalizing transactions without explanation.
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