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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
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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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 C
Transcribed Image Text: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 C
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