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Journalize each transaction for the month of march

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Reference no: EM132643198

Problem 1: The following are transactions for the month of March, journalize each transaction in the space provided.

Mar. 1 The business received $20,000 cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $900.
Mar. 3 Purchased equipment by paying $7,000 cash and executing a note payable for $13,000.
Mar. 4 Purchased office supplies for $500 cash.
Mar. 5 Billed a client for $8,000 of design services completed.
Mar. 6 Received $7,400 on account for the services previously recorded.

Reference no: EM132643198

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