Problem regarding journalize the transactions

Assignment Help Accounting Basics

Reference no: EM13155883

John Smith started a consulting business and completed the following transactions during January 2011. Journalize the transactions. Explanations are not required.

1. John incorporated the business, Consulting Inc., and invested $10,000 for common stock.

2. Paid $3,000 monthly rent for office space.

3. Purchased $5,000 of office equipment, paying cash.

4. Recorded $2,000 of revenue, receiving cash.

5. Collected cash from a customer on account, $800.

Reference no: EM13155883

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