Cash 18,000 Common Stock 18,000 Issued common stock for cash. Jul. 4 Utilities Expense 390 Cash 390 Paid cash expenses. Jul. 5 Equipment 2,400 Accounts Payable 2,400 Purchase of equipment on account. Jul. 10 Accounts Receivable 3,300 Service Revenue 3,300 Performed services on account. Jul. 12 Cash 6,500 Notes Payable 6,500 Borrowed cash by signing note. Jul. 19 Dividends 350 Cash 350 Paid cash dividends. Jul. 21 Office Supplies 790 Cash 790 Purchase of office supplies with cash. Jul. 27 Account

Answer rating: 100% (QA)

Journal entries Date account and explanation debit credi... View the full answer