Reference no: EM133006040
Question - Kevin opened Webdesign Service on 1 April 2020. The following five (5) transactions occurred during the first month of operations:
-Kevin, the owner, invested $50,000 cash into the business.
-Purchased a 1-year insurance policy for $8,000. The business received an invoice and paid in cash.
-Acquired office equipment for $30,000, paid $5,000 in cash and signed a 1-year short term loan for 25,000.
-Purchased office supplies on credit for $2,000.
-Revenue earned for the first part of the month included $6,000 in cash and $7,000 was earned through credit customers.
Record these transactions into a general journal?
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