E2. Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $500. 11 Billed customers $2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $700 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal use by the owner.

Instructions

1. Journalize each transaction 2. Create an T accounts 3. Post the journals to the ledges