(a) Started business by issuing 10,000 shares of common stock for $20,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,500 every two weeks. (c) Rented a building for three years at $590 per month and paid six months' rent in advance. (d) Purchased equipment for $5,400 cash. (e) Purchased $2,200 of supplies on account. (f) Provided services to customers for $7,300 cash. (g) Paid employees' salaries, $5,700. (h) Paid for supplies purchased in item (e). (i) Paid $820 for current advertising in a local newspaper. (j) Paid utility bill of $1,200 for the current month.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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(a) Started business by issuing 10,000 shares of common stock for $20,000
(b) Hired Rebecca as an administrative assistant, promising to pay her $2,500 every two weeks.
(c) Rented a building for three years at $590 per month and paid six months' rent in advance.
(d) Purchased equipment for $5,400 cash.
(e) Purchased $2,200 of supplies on account.
(f) Provided services to customers for $7,300 cash.
(g) Paid employees' salaries, $5,700.
(h) Paid for supplies purchased in item (e).
(i) Paid $820 for current advertising in a local newspaper.
(j) Paid utility bill of $1,200 for the current month.
View transaction list
Journal entry worksheet
1
3
6.
7
Started business by issuing 10,000 shares of common stock for $20,000.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
a
10
身
Transcribed Image Text:(a) Started business by issuing 10,000 shares of common stock for $20,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,500 every two weeks. (c) Rented a building for three years at $590 per month and paid six months' rent in advance. (d) Purchased equipment for $5,400 cash. (e) Purchased $2,200 of supplies on account. (f) Provided services to customers for $7,300 cash. (g) Paid employees' salaries, $5,700. (h) Paid for supplies purchased in item (e). (i) Paid $820 for current advertising in a local newspaper. (j) Paid utility bill of $1,200 for the current month. View transaction list Journal entry worksheet 1 3 6. 7 Started business by issuing 10,000 shares of common stock for $20,000. Note: Enter debits before credits. Transaction General Journal Debit Credit a 10 身
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