Prepare journal entries for the transactions incurred

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Selected activity of Mason Consulting Services follow.

DATE          TRANSACTIONS

2019

Sept.1  Zack Mason invested $43,000 in cash to start the firm.

4        Purchased office equipment for $4,800 on credit from Den, Inc.; received Invoice 9823, payable in 30 days.

16     Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,800 in full payment.

20    Purchased supplies for $350; paid immediately with Check 1002.

23     Returned damaged supplies for a cash refund of $85.

30    Issued Check 1003 for $2,500 to Den, Inc., as payment on account for Invoice 9823.

30       Withdrew $1,300 in cash for personal expenses.

30       Issued Check 1004 for $850 to pay the rent for September.

30     Performed services for $3,100 in cash.

30     Paid $350 for monthly telephone bill, Check 1005.

Question 1: Prepare journal entries for the transactions incurred during September of 2019.

Reference no: EM132597423

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