journalize the following econmic activities (transactions) January 1 Issued common stock to Marjorie Knaus in exchange for $30,000. 4 Paid January rent for office and workroom, $2,500. 5 Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. 8 Purchased office and computer equipment on account, $8,000. 8 Paid cash for supplies, $2,100. 12 Paid cash for annual insurance policies, $3,600. 18 Received cash from client for plans delivered, $9,000. 20 Paid cash for miscellaneous expenses, $2,600. 21 Paid cash to creditors on account, $4,000. 25 Paid installment due on note payable, $1,875. 26 Received invoice for blueprint service, due in February, $5,500. 27 Recorded fees earned on plans delivered, payment to be received in April, $31,400. 29 Paid salary of assistants, $6,000. 31 Paid gas, oil, and repairs on automobile for March, $1,300.
journalize the following econmic activities (transactions)
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January |
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1 |
Issued common stock to Marjorie Knaus in exchange for $30,000. |
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4 |
Paid January rent for office and workroom, $2,500. |
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5 |
Purchased used automobile for $28,500, paying $6,000 cash and giving a note payable for the remainder. |
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8 |
Purchased office and computer equipment on account, $8,000. |
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8 |
Paid cash for supplies, $2,100. |
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12 |
Paid cash for annual insurance policies, $3,600. |
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18 |
Received cash from client for plans delivered, $9,000. |
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20 |
Paid cash for miscellaneous expenses, $2,600. |
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21 |
Paid cash to creditors on account, $4,000. |
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25 |
Paid installment due on note payable, $1,875. |
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26 |
Received invoice for blueprint service, due in February, $5,500. |
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27 |
Recorded fees earned on plans delivered, payment to be received in April, $31,400. |
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29 |
Paid salary of assistants, $6,000. |
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31 |
Paid gas, oil, and repairs on automobile for March, $1,300. |
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