ABC Ltd. has the following transactions for the month of January 2023: On January 1, ABC Ltd.
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Question:
ABC Ltd. has the following transactions for the month of January 2023:
- On January 1, ABC Ltd. issued 1,000 shares of common stock for $10,000.
- On January 2, ABC Ltd. purchased equipment for $8,000 in cash.
- On January 10, ABC Ltd. paid $2,000 for rent for the month of January.
- On January 15, ABC Ltd. received $5,000 in cash for services provided during the month of January.
- On January 20, ABC Ltd. paid $3,000 in cash for wages for the month of January.
- On January 25, ABC Ltd. received a bill for $1,500 for utilities for the month of January.
Prepare the journal entries for the above transactions in the general journal of ABC Ltd.
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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