Using the data in E2-4 for Jakmak Interior Design Company, journalize the transactions. In exercise 2-4 Mar.

Question:

Using the data in E2-4 for Jakmak Interior Design Company, journalize the transactions.

In exercise 2-4

Mar. 5 The owner, Jackie MacKenzie, invested $10,220 cash in the business.

7 Paid $350 cash for advertising the launch of the business.

9 Purchased supplies on account for $1,050.

11 Purchased a used car for $8,770 cash, for use in the business.

13 Billed customers $1,520 for services performed.

25 Borrowed $10,880 from the bank and signed a note payable.

26 Received $1,140 cash from customers billed on March 13.

29 Paid for the supplies purchased on March 9.

30 Received $800 cash from a customer for services to be performed in April.

31 Paid Jackie MacKenzie $1,720 cash for her personal use.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

Question Posted: