Reference no: EM131781895

Question - Selected transactions for D. Reyes, an interior decorator in her first month of business, are as follows.

Jan 2: Invested $10,000 cash in business in exchange for common stock

Jan 3: Purchased used car for $4,000 cash for use in business

Jan 9: Purchased supplies on account for $500

Jan 11: Billed customers $1,800 for services performed

Jan 16: Paid $200 cash for advertising

Jan 20: Received $700 cash from customers billed on January 11

Jan 23: Paid creditor $300 cash on balance owed

Jan 28: Declared and paid $1,000 cash dividend

Instructions: Journalize the transactions.