Exercise 4.2 Objective 4-1 GL A 10. Issued a check for $3,1 pay the Recording transactions in the general journal. Selected accounts from the general ledger of Martin Consulting Services follow. Record the general journal entries that would be made to record the following transactions. Be sure to include dates and descriptions in these entries. 101 Cash 111 Accounts Receivable 121 Supplies 137 Prepaid Rent 139 Automobile 141 Equipment 202 Accounts Payable 301 Marcus Martin, Capital 302 Marcus Martin, Drawing 401 Fees Income 511 Rent Expense 514 Salaries Expense 517 Telephone Expense DATE 20X1 Sept. 1 4 TRANSACTIONS College Accounting: Chapters 1-13, 16th Edition 89 The General Journal and the General Ledger CHAPTER 4 1 16 16 20 223 30 Marcus Martin invested $40,000 in cash to start the firm. Purchased office equipment for $4,350 on credit from Zappo, Inc.; received Invoice 8925, payable in 30 days. Purchased an automobile that will be used to visit clients; issued Check 1001 for $28,000 in full payment. Purchased supplies for $550; paid immediately with Check 1002. Returned damaged supplies for a cash refund of $105. Issued Check 1003 for $2,100 to Zappo, Inc., as payment on account for Invoice 8925, 30 Withdrew $3,000 in cash for personal expenses. 30 Issued Check 1004 for $4,500 to pay the rent for October. 30 Performed services for $11,325 in cash. 30 Paid $480 for monthly telephone bill, Check 1005