Question

Need the transactions journalized

gnment CALCULATOR PRINTER VERSION BACK NEXT Exercise 2-03 Selected transactions for M. Acosta, an Interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2,400 for services performed 16 Paid $350 cash for advertising 20 Received $900 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 withdrew $1,000 cash for personal use by owner. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit + vacy Policy I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.20.1

Answer 1

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Date Account title 2-Jan Cash Capital Debit Credit 10000 10000 3000 3-Jan Equipment (Car) Cash 3000 600 9-Jan Supplies Accounts Payable 600 24001 11-Jan Accounts Receivable Revenue/Sales 2400 350 16-Jan Advertising Expense Cash 350 900 20-Jan Cash Accounts Receivable 900 300 23-Jan Accounts Payable Cash 300 1000 28-Jan Withdrawal Cash 1000