Question: Journal John Armstrong started a computer consulting business called Advanced Consultants and completed the following transactions in November: 1 Armstrong invested $30,000 cash in the

Journal
 Journal John Armstrong started a computer consulting business called Advanced Consultants

John Armstrong started a computer consulting business called Advanced Consultants and completed the following transactions in November: 1 Armstrong invested $30,000 cash in the business Provided conauting sarcioos on credit for $10,000 6 Provided consulting services on credit for $10,000 9 Completed consulting work and received $1,000 cash 20. Paid the account created on Nov 2 22 Paid electricity bill, $250 20 Received the account created on Nov6 31 Peter withdrew $1,500 cash from the business for personal use Reguired:Prepare journal entries for the above transactions, (No narrations are required

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!