Reference no: EM132833948
Nick Johnson has started his own delivery service. During the first month of the operation of his business, the following events and transactions occurred.
2 Paid $500 for advertising.
3 Purchased office supplies on account from ABC Company $3500.
3 Paid $900 for a one year insurance policy.
6 Performed $6,400 worth of services, received $1400 cash and the remaining on account.
10 Provided delivery services and billed customer $5,100.
11 Received $1,000 cash advance from customers for delivery service to be provided next month.
30 Paid receptionist $500 for the month.
30 Paid $1,600 to ABC Company for due accounts payable.
Question 1: Journalize the above transactions in the books of Nick Johnson.
Question 2: Show the ledger of Cash and Accounts Payable.
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