الم ملكة العربية السعوديةوزارة التعليم العاليجامعة الأمير سطام بن عبد العزيزكلية إدارة الأعمالقسم المحاسبةidi Arabiar Education2 js 1 ilariz UnivenityAdministration*u epartmentPrince Sattam Bin Abdulaziz UniversityH.W 2(ACCT 103) - Principles of Financial AccountingThe listed transaction occurred on AI Kharj Landry during July 2019, July 1on1/7 owner invested $150,000 cash in the business.on July 3rd Al Kharj Landry Purchased new equipment for $20,000, paying$15,000 cash and the balance on account.on 1/7 Al Kharj Landry has Purchased supplies for $3000 on the account.on 5/7 Paid $1000 cash for one-year insurance policy effective July 1.on July 12 Al Kharj Landry billed customers $500 for services performed.on 18/7 Paid $3,000 cash on the amount owed on the equipment ontransaction 2 and paid $1000 on the amount owed on supplies on transaction3.on 20/7 Paid $2,200 cash for employee salaries.on 21/7 Collected $300 cash from customers billed on July 12.on 25/7 Billed customers $1500 for laundry services.on 30/7 Paid utilities bill for a month $300.on 30/7 the owner Withdrew $1500 cash for personal use.Instructions:Journalize July transactions.

The journal entries are prepared to record daily transactions of the business.

Answered: (ACCT 103) – Principles of Financial…

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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