2. In good form, please record journal entries for the following transactions for the month of September. 9/2 Sam Harley opened a travel agency called "Harley Travel" by investing $50,000. 9/4 Paid $1,200 for the current months rent. 9/10 Purchased office equip for $8,000 from Zen Co. Paid $3000 and the balance on account. 9/15 Hired a receptionist to be paid $800 every other Friday. 9/17 Purchased 12-month insurance policy from Ace Insurance and paid $600. 9/20 Provided $1,000 of service to Bond Co, collected $250 cash with the balance on account. 9/22 Paid for balance $5,000 due on equipment purchased from Zen Co on 9/10. 9/25 Collected $500 in advance as a deposit from May Co. for future travel. 9/28 Received a telephone bill from Spectrum Wireless for $300, due by 10/14. 9/29 Collected $750 balance due from Bond Co for services provided on 9/20. 9/30 Paid receptionist bi-weekly salary $800. 9/30 Harley withdrew $1,500 from the business for personal use.

2. In good form, please record journal entries for the following transactions for the month of September. 9/2 Sam Harley opened a travel agency called "Harley Travel" by investing $50,000. 9/4 Paid $1,200 for the current months rent. 9/10 Purchased office equip for $8,000 from Zen Co. Paid $3000 and the balance on account. 9/15 Hired a receptionist to be paid $800 every other Friday. 9/17 Purchased 12-month insurance policy from Ace Insurance and paid $600. 9/20 Provided $1,000 of service to Bond Co, collected $250 cash with the balance on account. 9/22 Paid for balance $5,000 due on equipment purchased from Zen Co on 9/10. 9/25 Collected $500 in advance as a deposit from May Co. for future travel. 9/28 Received a telephone bill from Spectrum Wireless for $300, due by 10/14. 9/29 Collected $750 balance due from Bond Co for services provided on 9/20. 9/30 Paid receptionist bi-weekly salary $800. 9/30 Harley withdrew $1,500 from the business for personal use.

Name: 2. In good form, please record journal entries for the following tran
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Description: 2. In good form, please record journal entries for the following transactions forthe month of September.Sam Harley opened a travel agency called "Harley Travel" by investing $50,000.Paid $1,200 for the current months rent.9/10 Purchased office equip

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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