Jan. 2 3 7 10 11 12 52226 15 19 21 Shareholders invested cash of $17,500 and building of $250,000 in exchange for common shares. Engaged a recruitment firm to search for an executive assistant. A fee of $1,250 is to be paid if a successful candidate is hired. 50 Purchased $3,750 of office supplies on account from Babaamizi Depot. Completed bookkeeping services and billed the client $5.000. Received $10,000 for services performed for a client. Paid 40 % ($1.500) of the amount owed to Babaamizi Depot on account. (See January 3 transaction). Hired an executive assistant recommended by the recruitment firm at a monthly salary of $3,130. The assistant's first day of work will be January 15 but is not paid with the administrative assistant on January 28 (Hint: Use Professional Expense). Paid the recruitment firm. Received $1.250 in advance from a client for tax services to be performed in April. Received $2,500 as partial payment from the client for the work completed and billed on January 7, Paid an income tax instalment in the amount of $1.250. Bold E1 E65 to the dministrati acristant for two weeks' work
Jan. 2 3 7 10 11 12 52226 15 19 21 Shareholders invested cash of $17,500 and building of $250,000 in exchange for common shares. Engaged a recruitment firm to search for an executive assistant. A fee of $1,250 is to be paid if a successful candidate is hired. 50 Purchased $3,750 of office supplies on account from Babaamizi Depot. Completed bookkeeping services and billed the client $5.000. Received $10,000 for services performed for a client. Paid 40 % ($1.500) of the amount owed to Babaamizi Depot on account. (See January 3 transaction). Hired an executive assistant recommended by the recruitment firm at a monthly salary of $3,130. The assistant's first day of work will be January 15 but is not paid with the administrative assistant on January 28 (Hint: Use Professional Expense). Paid the recruitment firm. Received $1.250 in advance from a client for tax services to be performed in April. Received $2,500 as partial payment from the client for the work completed and billed on January 7, Paid an income tax instalment in the amount of $1.250. Bold E1 E65 to the dministrati acristant for two weeks' work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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journalize the transactions
Without plagiarism please

Transcribed Image Text:Jan.
1 Shareholders invested cash of $17,500 and building of $250,000 in exchange for common shares.
Engaged a recruitment firm to search for an executive assistant. A fee of $1,250 is to be paid if a successful candidate
is hired.
2
3
7
10.
11
12
15
2222
19
21
26
28
Purchased $3,750 of office supplies on account from Babaamizi Depot.
Completed bookkeeping services and billed the client $5,000.
Received $10,000 for services performed for a client.
Paid 40 % ( $1,500) of the amount owed to Babaamizi Depot on account. (See January 3 transaction).
Hired an executive assistant recommended by the recruitment firm at a monthly salary of $3,130. The assistant's first
day of work will be January 15 but is not paid with the administrative assistant on January 28 (Hint: Use Professional
Expense).
Paid the recruitment firm.
Received $1,250 in advance from a client for tax services to be performed in April.
Received $2,500 as partial payment from the client for the work completed and billed on January 7,
Paid an income tax instalment in the amount of $1,250.
Paid $1,565 to the administrative assistant for two weeks' work.
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