Exercise 2-3

Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are as follows.

Jan. 2		Invested $15,000 cash in the business in exchange for common stock.
3		Purchased used car for $8,200 cash for use in the business.
9		Purchased supplies on account for $500.
11		Billed customers $1,800 for services performed.
16		Paid $200 cash for advertising.
20		Received $780 cash from customers billed on January 11.
23		Paid creditor $300 cash on balance owed.
28		Declared and paid a $500 cash dividend.

Journalize the transactions:

Jan. 23 and Jan 28 as well

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 O for the amounts.) Debit Date Account Titles and Explanation Credit an. 2 Jan. 3 Jan. 9 Jan. 11 Jan. 16 an. 20