g. Paid monthly expenses: salaries $500, utilities $200, and advertising $250.
h. Hawkin withdrew $900 cash for personal use.

Prepare journal entries by applying basic accounting treatments of accounts receivables.
 

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2. Hawkin started his consultancy office on July 1, 2021 and had the following transactions during the month of July. a. Hawkin invested $12,000 in cash in the consultancy office. b. Paid $1000 for July rent on office space. c. Purchased furniture on account $2500. d. Performed consultancy services to clients on account $1,500. e. Paid $600 on account payable created in transaction 3. f. Performed consultancy services for client on cash $2,000. 2. Hawkin started his consultancy office on July 1, 2021 and had the following transactions during the month of July. a. Hawkin invested $12,000 in cash in the consultancy office. b. Paid $1000 for July rent on office space. c. Purchased furniture on account $2500. d. Performed consultancy services to clients on account $1,500. e. Paid $600 on account payable created in transaction 3. f. Performed consultancy services for client on cash $2,000.

Answer rating: 100% (QA)

Here are the journal entries for the transactions a Cash investment ... View the full answer