M. Bonzales has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $7,800 in cash. 4 Pays insurance in advance for 6 months, $1,500 cash. 16 Receives $4,300 from clients for services performed. 27 Pays secretary $2,000 salary. Journalize the transactions. (Credit account titles are automatically indented when 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 > > >
M. Bonzales has the following transactions during August of the current year. Aug. 1 Opens an office as a financial advisor, investing $7,800 in cash. 4 Pays insurance in advance for 6 months, $1,500 cash. 16 Receives $4,300 from clients for services performed. 27 Pays secretary $2,000 salary. Journalize the transactions. (Credit account titles are automatically indented when 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 > > >
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 33P
Related questions
Question
![M. Bonzales has the following transactions during August of the current year.
Aug. 1
Opens an office as a financial advisor, investing $7,800 in cash.
4
Pays insurance in advance for 6 months, $1,500 cash.
16
Receives $4,300 from clients for services performed.
27
Pays secretary $2,000 salary.
Journalize the transactions. (Credit account titles are automatically indented when 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
>
>
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fda704709-c32b-4e3a-9fcd-440b5249bce8%2Fefff1c7c-3075-41e8-ad3e-4d12406f11a3%2F7ynu5vne9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:M. Bonzales has the following transactions during August of the current year.
Aug. 1
Opens an office as a financial advisor, investing $7,800 in cash.
4
Pays insurance in advance for 6 months, $1,500 cash.
16
Receives $4,300 from clients for services performed.
27
Pays secretary $2,000 salary.
Journalize the transactions. (Credit account titles are automatically indented when 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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