Question: Current Attempt in Progress Zhou Taylor started a translation business on June 1, 2024. The following is a list of events and transactions that occurred
Current Attempt in Progress Zhou Taylor started a translation business on June 1, 2024. The following is a list of events and transactions that occurred concerning Zhou's new business. June 1 Zhou invested furniture at a fair value of $3,950 into the business. 1 Zhou opened a business bank account at the CIBC and deposited personal cash in the amount of 52.765. 5 Paid June's rent for the office, $1,275. 6 Performed translation services for a client and received cash of $2,250. 8 Translated a proposal for a client and billed the client $1,810. 10 Purchased office supplies $445 on account. 11 Paid the receptionist a salary of $450. 21 Collected accounts receivable billed on June 8. 24 Paid for the purchase of office supplies. 26 Received a contract to translate a textbook for a total contract price of $13.870. 30 Zhou withdrew $460 cash for personal expenses. Journalize the above transactions. (Credit account titles are automatically indented when dmount is entered. Do not indent manually. If no entry is required, select 'No Entry" for the occount titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debir entries before credit entries.)
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