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.
Step by Step Answer:
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