Question: Instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial

Instructions: Record these transactions in the general journal for Central Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. 8/1 You invested $16,000 in exchange for General Journal common stock to start Central Advertising Date Account FR Debit Credit Inc. 8/4 Purchased 3 months of insurance for $1500 cash. 8/7 Purchased $7,000 of office equipment by paying $3,000 in cash and signing a one year note payable for the rest 8/10 Purchased $3,000 of advertising supplies on account 8/13 A customer paid $6,000 in cash for advertising services performed today. 8/17 Received a utility bill for $650 and paid it in caEn. 8/20 A customer paid $4000 for advertising services to be performed in the future 8/23 Paid half of the accounts payable from 8/10. 8/25 Performed advertising services and charged the customer $8,000 on account (to be paid later). 8/28 Received half the balance from the 8/25 customer in cash. 8/31 Paid $3,000 in dividends
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