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a. Edward Wilson invested $8,000 cash in his new landscaping business. b. The business paid the first month's rent with $300 cash. c. The business purchased equipment by paying $2,000 cash and executing a note payable for $3,000. d. The business purchased supplies for $200 cash. e. The business billed clients for a total of $1,000 for design services rendered. f. The business received $750 cash from clients for services rendered above. a. The owner took a withdrawal of $2.000.

a. Edward Wilson invested $8,000 cash in his new landscaping business. b. The business paid the first month's rent with $300 cash. c. The business purchased equipment by paying $2,000 cash and executing a note payable for $3,000. d. The business purchased supplies for $200 cash. e. The business billed clients for a total of $1,000 for design services rendered. f. The business received $750 cash from clients for services rendered above. a. The owner took a withdrawal of $2.000.

FINANCIAL ACCOUNTING
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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Show  journal entries for all parts.

a. Edward Wilson invested $8,000 cash in his new landscaping business. b. The business paid the first month's rent with $300 cash. c. The business purchased equipment by paying $2,000 cash and executing a note payable for $3,000. d. The business purchased supplies for $200 cash. e. The business billed clients for a total of $1,000 for design services rendered. f. The business received $750 cash from clients for services rendered above. g. The owner took a withdrawal of $2,000.
Transcribed Image Text:a. Edward Wilson invested $8,000 cash in his new landscaping business. b. The business paid the first month's rent with $300 cash. c. The business purchased equipment by paying $2,000 cash and executing a note payable for $3,000. d. The business purchased supplies for $200 cash. e. The business billed clients for a total of $1,000 for design services rendered. f. The business received $750 cash from clients for services rendered above. g. The owner took a withdrawal of $2,000.
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