Reference no: EM132650252

Question - Journalize the transactions

Data for Swifty Corporation, interior decorating, are presented as follows.

Jan. 2 Stockholders invested $18,949 cash in the business in exchange for common stock.

Jan. 3 Purchased used car for $10,359 cash for use in the business.

Jan. 9 Purchased supplies on account for $632.11 Billed customers $2,274 for services performed.

Jan. 16 Paid $253 cash for advertising.

Jan. 20 Received $985 cash from customers billed on January 11.

Jan. 23 Paid creditor $379 cash on balance owed.

Jan. 28 Declared and paid a $632 cash dividend.