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How do prepare journal entries for the transactions

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Reference no: EM132472117

Selected activity of Mason Consulting Services follow.

DATE TRANSACTIONS

2019

Point 1: Sept.1   Zack Mason invested $52,000 in cash to start the firm.

 

Point 2: 4 Purchased office equipment for $5,700 on credit from Den, Inc.; received Invoice 9823, payable in 30 days.

Point 3: 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $13,700 in full payment.

Point 4: 20 Purchased supplies for $440; paid immediately with Check 1002.

Point 5: 23 Returned damaged supplies for a cash refund of $130.

Point 6: 30 Issued Check 1003 for $3,400 to Den, Inc., as payment on account for Invoice 9823.

Point 7: 30 Withdrew $2,200 in cash for personal expenses.

Point 8: 30 Issued Check 1004 for $1,300 to pay the rent for September.

Point 9: 30 Performed services for $2,350 in cash.

Point 10: 30 Paid $395 for monthly telephone bill, Check 1005.

Question 1: How do you prepare journal entries for the transactions incurred during September of 2019.

Reference no: EM132472117

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