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

Name: journalize the transactions Without plagiarism please Jan.1 Shareholde
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Description: journalize the transactions Without plagiarism please 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

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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