Prepare journal entries to record the following transactions. If an amount box does not require an entry, leave it blank. A. July 1, issued common stock for cash, $16,000. B. July 15, purchased supplies, on account, $1,900. C. July 25, billed customer for accounting services provided, $850. Jul. 1 Jul. 15 Jul. 25 Accounts Payable Accounts Receivable Cash Common Stock Sales Revenue II II II II II I|

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 21EA: Prepare journal entries to record the following transactions. A. July 1, issued common stock for...
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Prepare journal entries to record the following transactions.
If an amount box does not require an entry, leave it blank.
A. July 1, issued common stock for cash, $16,000.
B. July 15, purchased supplies, on account, $1,900.
C. July 25, billed customer for accounting services
provided, $850.
Jul. 1
Jul. 15
Jul. 25
Accounts Payable
Accounts Receivable
Cash
Common Stock
Sales Revenue
1I II II
Transcribed Image Text:Prepare journal entries to record the following transactions. If an amount box does not require an entry, leave it blank. A. July 1, issued common stock for cash, $16,000. B. July 15, purchased supplies, on account, $1,900. C. July 25, billed customer for accounting services provided, $850. Jul. 1 Jul. 15 Jul. 25 Accounts Payable Accounts Receivable Cash Common Stock Sales Revenue 1I II II
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