Reference no: EM131289358
Prepare Journal Entries in the General Journal
October Transactions
October 1 the owner invested $40,000 cash in the business
October 1 purchased equipment for $15,000 on account.
October 1 purchased a 4-year insurance policy to insure the business for $2000 For cash.
October 2 Paid $2000 cash for supplies.
October 4 received $3,000 cash from customers for services rendered
October 14 Paid for the equipment purchase on October 1.
October 15 Paid wages $1,750
October 16 Performed services worth $4,500 for credit customers
October 20 Received $1,400 cash from customers previously billed on account
October 22 the owner withdrew $3,400 cash for personal use
October 31 Paid utility bill for October $500.
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Prepare journal entries in the general journal
: Prepare Journal Entries in the General Journal
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