Jan. 2 3 9 11 16 20 23 28 Stockholders invested $17,941 cash in the business in exchange for common stock. Purchased used car for $9,808 cash for use in the business. Purchased supplies on account for $598. Billed customers $2,153 for services performed. Paid $239 cash for advertising. Received $933 cash from customers billed on January 11. Paid creditor $359 cash on balance owed. Declared and paid a $598 cash dividend. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent ma blem If no ontncis required select "No Entry" for the account titles and enter a
Jan. 2 3 9 11 16 20 23 28 Stockholders invested $17,941 cash in the business in exchange for common stock. Purchased used car for $9,808 cash for use in the business. Purchased supplies on account for $598. Billed customers $2,153 for services performed. Paid $239 cash for advertising. Received $933 cash from customers billed on January 11. Paid creditor $359 cash on balance owed. Declared and paid a $598 cash dividend. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent ma blem If no ontncis required select "No Entry" for the account titles and enter a
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
Raghubhai
Transcribed Image Text:Jan. 2
3
9
11
16
20
23
28
Stockholders invested $17,941 cash in the business in exchange for common stock.
Purchased used car for $9,808 cash for use in the business.
Purchased supplies on account for $598.
Billed customers $2,153 for services performed.
Paid $239 cash for advertising.
Received $933 cash from customers billed on January 11.
Paid creditor $359 cash on balance owed.
Declared and paid a $598 cash dividend.
Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record
journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date Account Titles and Explanation
Debit
Credit
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