Reference no: EM132913283

Question - Nick Johnson has started his own delivery service. During the first month of the operation of his business, the following events and transactions occurred.

April 1 Invested $20,000 cash into the business.

April 2 Paid $500 for advertising.

April 3 Purchased office supplies on account from ABC Company $3500.

April 3 Paid $900 for a one year insurance policy.

April 6 Performed $6,400 worth of services, received $1400 cash and the remaining on account.

April 10 Provided delivery services and billed customer $5,100.

April 11 Received $1,000 cash advance from customers for delivery service to be provided next month.

April 30 Paid receptionist $500 for the month.

April 30 Paid $1,600 to ABC Company for due accounts payable.

Required -

1. Journalize the above transactions in the books of Nick Johnson.

2. Show the ledger of Cash and Accounts Payable.