Use the data in BE2.3 and journalise the transactions. Data in BE2.3 Dudley Advertising Ltd had the
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Use the data in BE2.3 and journalise the transactions.
Data in BE2.3
Dudley Advertising Ltd had the following transactions during August of the current year. Indicate (a) the basic analysis and (b) the debit–credit analysis.
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Aug. 1 4 16 27 Issued shares to investors in exchange for $15000 cash. Paid insurance in advance for 6 months, $1800. Received $9000 from clients for services rendered. Paid secretary $500 salary.
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