Question: Haley Burton began a Web Consulting practice and completed these transactions during September of the current year: Sept. 1 Invested $200,000of his personal savings into
Haley Burton began a Web Consulting practice and completed these transactions during September of the current year:
Sept. 1 Invested $200,000of his personal savings into a checking account opened in the name of the business.
Sep 2 Rented office space and paid $2400 by cheque for the month of September.
Sep 3 Purchased office equipment for $60,000, paying $16,000 by cheque and agreeing to pay the balance in one year.
Sep 8 Completed $7200 services for a client on credit.
Sep 15 Completed work for a client and immediately collected $5400 cash for the services
Sep 20 Received $7200 cash from a client for the work competed on Sep 8
Sep 30 John withdrew $4000 cash for personal use.
Sep30 Paid the office secretary's monthly salary, $6,000 by cheque
Prepare the journal entries of Haley Burton web consulting co.
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