More infoSep. 1Received $42,000 cash and gave capital to Steven.4Purchased office supplies, $500, and furniture, $2,100, on account.Performed services for a law firm and received $1,400 cash.7Paid $21,000 cash to acquire land to be used in operations.10Performed services for a hotel and received its promise to pay the $1,800within one week.14Paid for the furniture purchased September 4 on account.15Paid assistant's semimonthly salary, $1,430.17Received cash on account, $1,700.20Prepared a design for a school on account, $650.25Received $2,300 cash for design services to be performed in October.28Received $2,800 cash for consulting with Plummer & Gorden.Paid $720 cash for a 12-month insurance policy starting on October 1.Paid assistant's semimonthly salary, $1,430.293030Paid monthly rent expense, $400.Received a bill for utilities, $650. The bill will be paid next month.3030Steven withdrew cash of $4,000.PrintDone Doris Steven started her practice as a design consultant on September 1, 2017. During the first month of operations, the business completed the following transactions:(Click the icon to view the transactions.)Read the requirements.Requirement 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Furniture; Land; Accounts Payable; UtilitiesPayable; Unearned Revenue; Steven, Capital; Steven, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense. Explanations are not required. (Record debits first, then credits.Exclude explanations from journal entries.)Sep. 1: Received $42,000 cash and gave capital to Steven.DateAccountsDebitCreditSep. 1

Name: More infoSep. 1Received $42,000 cash and gave capital to Steven.4Purc
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Description: More infoSep. 1Received $42,000 cash and gave capital to Steven.4Purchased office supplies, $500, and furniture, $2,100, on account.Performed services for a law firm and received $1,400 cash.7Paid $21,000 cash to acquire land to be used in operation

The primary book in which the financial transactions of the business are initially recorded is known…

Business

Accounting

Sep. 1 Received $42,000 cash and gave capital to Steven. 4 Purchased office supplies, $500, and furniture, $2,100, on account. Performed services for a law firm and received $1,400 cash. 7 Paid $21,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,800 within one week. 14 Paid for the furniture purchased September 4 on account. 15 Paid assistant's semimonthly salary, $1,430. 17 Received cash on account, $1,700. 20 Prepared a design for a school on account, $650. 25 Received $2.300 cash for design services to be performed in October.

Sep. 1 Received $42,000 cash and gave capital to Steven. 4 Purchased office supplies, $500, and furniture, $2,100, on account. Performed services for a law firm and received $1,400 cash. 7 Paid $21,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,800 within one week. 14 Paid for the furniture purchased September 4 on account. 15 Paid assistant's semimonthly salary, $1,430. 17 Received cash on account, $1,700. 20 Prepared a design for a school on account, $650. 25 Received $2.300 cash for design services to be performed in October.

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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Please follow the same sample which I attached
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