Journalize the following transactions completed during August of the current year. Transactions: Aug. 1 1 2 4
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Transactions: Aug. 1 1 2 4 4 7 11 12 13 13 13 13 14 15 15 15 15 18 18 19 20 20 Received cash from owner as an investment, $18,000.00. R1. Paid cash for rent, $3,600.00. C1. Paid cash for electric bill, $210.00. C2. Paid cash for supplies, $900.00. C3. Paid cash for insurance, $2,400.00. C4. Bought supplies on account from Dakota Supplies, $1,000.00. M1. Paid cash to establish a petty cash fund, $200.00. C5. Received cash from sales, $950.00. T12. Paid cash for repairs, $500.00. C6. Paid cash for miscellaneous expense, $80.00. C7. Received cash from sales, $470.00. T13. Sold services on account to Valley College, $450.00. S1. Paid cash for advertising, $600.00. C8. Paid cash to owner for personal use, $500.00. C9. Paid cash on account to Dakota Supplies, $600.00. C10. Received cash from sales, $610.00. T15. Sold services on account to Skiffton University, $850.00. S2. Paid cash for miscellaneous expense, $190.00. C11. Received cash on account from Valley College, $250.00. R2. Received cash from sales, $960.00. T19. Paid cash for repairs, $320.00. C12. Bought supplies on account from Seaside Supplies, $240.00. M2. Transactions: Aug. 1 1 2 4 4 7 11 12 13 13 13 13 14 15 15 15 15 18 18 19 20 20 Received cash from owner as an investment, $18,000.00. R1. Paid cash for rent, $3,600.00. C1. Paid cash for electric bill, $210.00. C2. Paid cash for supplies, $900.00. C3. Paid cash for insurance, $2,400.00. C4. Bought supplies on account from Dakota Supplies, $1,000.00. M1. Paid cash to establish a petty cash fund, $200.00. C5. Received cash from sales, $950.00. T12. Paid cash for repairs, $500.00. C6. Paid cash for miscellaneous expense, $80.00. C7. Received cash from sales, $470.00. T13. Sold services on account to Valley College, $450.00. S1. Paid cash for advertising, $600.00. C8. Paid cash to owner for personal use, $500.00. C9. Paid cash on account to Dakota Supplies, $600.00. C10. Received cash from sales, $610.00. T15. Sold services on account to Skiffton University, $850.00. S2. Paid cash for miscellaneous expense, $190.00. C11. Received cash on account from Valley College, $250.00. R2. Received cash from sales, $960.00. T19. Paid cash for repairs, $320.00. C12. Bought supplies on account from Seaside Supplies, $240.00. M2.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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