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Record journal entries in the order presented in the problem

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Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are as follows.

Jan. 2Stockholders invested $15,000 cash in the business in exchange for common stock.

3Purchased used car for $8,200 cash for use in the business.

9Purchased supplies on account for $500.11Billed customers $1,800 for services performed.16Paid $200 cash for advertising.

20Received $780 cash from customers billed on January 11.

23Paid creditor $300 cash on balance owed.

28Declared and paid a $500 cash dividend.

Question 1: Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132479445

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