Reference no: EM133004416
Problem 1: Prepare the journal entries for November for the company below:
1 Received cash from the owner in exchange for Common Stock, $22,400.
4 Received cash for providing accounting services, $5,500.
7 Paid advertising expense, $860.
10 Billed customers on account for providing services, $4,000.
15 Received cash from customers on account, $2,000.
23 Purchased Supplies on account, $1900.
27 Dividends paid, $910.
28 Determined cost of supplies used, $1000.
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