Reference no: EM132736635
Question: Emily started a new business by investing her own money. She then had the following selected transaction. Journalize them in a 2 column journal using the appropriate item number to identify them. Journal explanations are to be omitted:
1. Deposited $25,000 into the business account.
2. Purchased supplies for cash. She paid $1,077.
3. Paid rent on her office space of $3,000 for the month.
4. Bought office equipment for $25,000, paying $5,000 in cash and the rest on a 3 year note.
5. Paid $350 for advertising in the local newspaper.
6. Received cash payment of $2,000 from a customer.
7. Received a bill for telephone and internet service of $1,050.
8. Performed services on account for customers totaling $12,000. Sent out invoices.
9. Paid $1,050 in cash for telephone and internet service.
10. Withdrew $400 in cash to pay her personal expenses.