Journalize the following business transactions in general journal form. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. 2. 3. 4. 5. 6. 7. 8. 9. Received $28,000 cash as investment from Clay Clark, the company's owner. Purchased equipment for $44,800, paying $16,800 in cash and giving a note payable fo Paid $3,360 for a one-year insurance policy. Billed customers for $25,200 of services provided on account. Paid monthly rent of $1,680. Performed $7,280 of services and immediately received $7,280 cash. Collected $2,240 from customers on account. Hired a secretary. Paid the secretary his first week's salary of $784. SUPPORT

Journalize the following business transactions in general journal form. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. 2. 3. 4. 5. 6. 7. 8. 9. Received $28,000 cash as investment from Clay Clark, the company's owner. Purchased equipment for $44,800, paying $16,800 in cash and giving a note payable fo Paid $3,360 for a one-year insurance policy. Billed customers for $25,200 of services provided on account. Paid monthly rent of $1,680. Performed $7,280 of services and immediately received $7,280 cash. Collected $2,240 from customers on account. Hired a secretary. Paid the secretary his first week's salary of $784. SUPPORT

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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