Reference no: EM132999485
Question - M. H. Acosta, CA completed these transactions during November of the current year:
Nov. 1 Began a public accounting practice by investing $4,000 in cash and office equipment having a 3,300 fair value.
Nov. 2 Purchases on credit card office equipment, $900, and office supplies, $150.
Nov. 4 Completed accounting work for client and immediately received a payment of $400 cash.
Nov 8 Completed accounting work on credit for Acme Loan Co. , %600.
Nov 10 Paid for the items purchased on credit on Nov 2.
Nov 14 Paid the annual %800 premium on an insurance policy.
Nov 18 Received payment in full from Acme Loan Co. for the work completed on Nov 8.
Nov 27 M. H. Acosta withdrew $650 cash from the practice to pay personal expense.
Nov 30 Paid the November utility bills, $140.
Required - Provide a journal entries to record the transactions?
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