Current Attempt in Progress

Data for Metlock, Inc., interior decorating, are presented as follows.

Jan. $2$ Stockholders invested $$20,808$ cash in the business in exchange for common stock.

$3$ Purchased used car for $$11,375$ cash for use in the business.

$9$ Purchased supplies on account for $$694.$

$11$ Billed customers $$2,497$ for services performed.

$16$ Paid $$277$ cash for advertising.

$20$ Received $$1,082$ cash from customers billed on January $11.$

$23$ Paid creditor $$416$ cash on balance owed.

$28$ Declared and paid a $$694$ cash dividend.

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.$)$

Date Account Titles and Explanation

Debit

Credit