Journalize each transaction

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Reference no: EM13510898

Beekman Enterprises had the following selected transactions.

1. Jo Beekman invested $4,000 cash in the business.

2. Paid office rent of $950.

3. Performed consulting services and billed a client $5,200.

4. Jo Beekman withdrew $750 cash for personal use.

Instructions

(a) Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Owner's Equity), using plus and minus signs.

(b) Journalize each transaction. (Omit explanations.)

Reference no: EM13510898

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