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Record the general journal entries that would be made to record the transactions. DATE TRANSACTIONS September 1, 20x1 Martin Zillow invested $76,400 in cash to start the firm. September 2, 20x1 Purchased office equipment for $6,658 on credit from Furniture Expo, Incorporated; received Invoice 8925, payable in 30 days. September 3, 20x1 Purchased an automobile thai will be used to visit clients; issued Check 1001 for $33,400 in full payment. September 4, 20x1 Purchased supplies for $815; paid immediately with Check 1002. September 5, 20x1 Returned damaged supplies for a cash refund of $265. September 6, 20x1 Issued Check 1003 for $4,550 to Furniture Expo, Incorporated, as payment on account for Invoice 8925. September 7, 20x1 Withdrew $7,400 in cash for personal expenses. September 8, 20x1 Issued Check 1004 for $4,900 to pay the rent for September. September 9, 20X1 Performed services for $18,915 in cash. September 10, 20x1 Paid $335 for monthly telephone bill, Check 1885.

Record the general journal entries that would be made to record the transactions. DATE TRANSACTIONS September 1, 20x1 Martin Zillow invested $76,400 in cash to start the firm. September 2, 20x1 Purchased office equipment for $6,658 on credit from Furniture Expo, Incorporated; received Invoice 8925, payable in 30 days. September 3, 20x1 Purchased an automobile thai will be used to visit clients; issued Check 1001 for $33,400 in full payment. September 4, 20x1 Purchased supplies for $815; paid immediately with Check 1002. September 5, 20x1 Returned damaged supplies for a cash refund of $265. September 6, 20x1 Issued Check 1003 for $4,550 to Furniture Expo, Incorporated, as payment on account for Invoice 8925. September 7, 20x1 Withdrew $7,400 in cash for personal expenses. September 8, 20x1 Issued Check 1004 for $4,900 to pay the rent for September. September 9, 20X1 Performed services for $18,915 in cash. September 10, 20x1 Paid $335 for monthly telephone bill, Check 1885.

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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Record the general journal entries that would be made to record the transactions. DATE TRANSACTIONS September 1, 20x1 Martin Zillow invested $76,400 in cash to start the firm. September 2, 20x1 Purchased office equipment for $6,658 on credit from Furniture Expo, Incorporated; received Invoice 8925, payable in 30 days. September 3, 20x1 Purchased an automobile thai will be used to visit clients; issued Check 1001 for $33,400 in full payment. September 4, 20x1 Purchased supplies for $815; paid immediately with Check 1002. September 5, 20x1 Returned damaged supplies for a cash refund of $265. September 6, 20x1 Issued Check 1003 for $4,550 to Furniture Expo, Incorporated, as payment on account for Invoice 8925. September 7, 20x1 Withdrew $7,400 in cash for personal expenses. September 8, 20x1 Issued Check 1004 for $4,900 to pay the rent for September. September 9, 20X1 Performed services for $18,915 in cash. September 10, 20x1 Paid $335 for monthly telephone bill, Check 1885.
Transcribed Image Text:Record the general journal entries that would be made to record the transactions. DATE TRANSACTIONS September 1, 20x1 Martin Zillow invested $76,400 in cash to start the firm. September 2, 20x1 Purchased office equipment for $6,658 on credit from Furniture Expo, Incorporated; received Invoice 8925, payable in 30 days. September 3, 20x1 Purchased an automobile thai will be used to visit clients; issued Check 1001 for $33,400 in full payment. September 4, 20x1 Purchased supplies for $815; paid immediately with Check 1002. September 5, 20x1 Returned damaged supplies for a cash refund of $265. September 6, 20x1 Issued Check 1003 for $4,550 to Furniture Expo, Incorporated, as payment on account for Invoice 8925. September 7, 20x1 Withdrew $7,400 in cash for personal expenses. September 8, 20x1 Issued Check 1004 for $4,900 to pay the rent for September. September 9, 20X1 Performed services for $18,915 in cash. September 10, 20x1 Paid $335 for monthly telephone bill, Check 1885.
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