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Prepare the journal entries for the month of september

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Christina Reis is a photographer who owns Lola Lemon Photography. This is the first month of operations. The following are the transactions for the month of September.

  1. On September 1, Reis invested $15,000 cash into her new business.
  2. On September 12, purchased $2,000 of equipment (cameras) on credit.
  3. On September 13, purchased $500 of equipment (lighting), paying cash.
  4. On September 18, photographed an engagement session for $1,000; collected cash.
  5. On September 21, photographed a family session for $700 on credit.
  6. On September 26, paid $1,000 regarding (b).
  7. On September 29, collected $300 regarding (e).

Problem 1: Prepare the journal entries for the month of September

Reference no: EM132795969

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