M. Gonzales has the following transactions during August of the current year. Aug 1 Opens an office as a financial advisor, investing $9.000 in cash, 4 Pays insurance in advance For 6 months, $2,100 cash, 16 Receives $3,600 from dients for services performed. 27 Pays secretary $1,000 salary. Journalize the transactions. (List all debit entries before credit entries. Credit account hitles pre automatically indented when arhount is entered. Do not indent manually. Record journal entries in the order presented in the problem. t no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Aug 1 CasH
M. Gonzales has the following transactions during August of the current year. Aug 1 Opens an office as a financial advisor, investing $9.000 in cash, 4 Pays insurance in advance For 6 months, $2,100 cash, 16 Receives $3,600 from dients for services performed. 27 Pays secretary $1,000 salary. Journalize the transactions. (List all debit entries before credit entries. Credit account hitles pre automatically indented when arhount is entered. Do not indent manually. Record journal entries in the order presented in the problem. t no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Aug 1 CasH
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:M. Gonzales has the following transactions during August of the current year.
Aug. 1
Opens an office as a financial advisor, investing $9.000 in cash,
4
Pays insurance in advance for 6 months, $2,100 cash.
16
Receives $3.600 from dients for services performed.
27
Pays secretary $1,000 salary.
Journalize the transactions. (List all debit entries before credit entries. Credit account hitles pre automatically indented when armount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entryis required, select "No Entry" for the
account titles and enter O for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Aug 1
Cast
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