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Your turn Selected transactions for Ayten Mansour Ltd., an interior decoration company, in the first month of business, are as follows. September 2 The shareholders

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Your turn Selected transactions for Ayten Mansour Ltd., an interior decoration company, in the first month of business, are as follows. September 2 The shareholders invested $50,000 cash in the business. September 3 Purchased equipment for $5,000 for use in business, paid $2,000 cash and the remaining on account September 11 Provided services for $5,000 on account. September 16 Received a $1,000 bill for an advertisement at the Online Newspaper. September 20 Received $700 cash from customers on account on September 11 September 25 Paid $1,000 for the advertising on account on September 16. September 28 Received $5,000 from ABC Bank on a note payable. September 31 Declared and paid a $1,000 cash dividend to the shareholders. Required: Prepare the journal entries for September transactions in the general journal

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