On 1 September 2023, Simba Jones started a consulting service business, The Lion King Inc. The...

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On 1 September 2023, Simba Jones started a consulting service business, The Lion King Inc. The business prepares monthly financial statements. During September 2023, Simba Jones completed the following transactions related to the business. September 1 Began the business with a cash investment of $30,000. September 8 Purchased equipment for $6,100 cash. September 19 Completed services of $5,800 for Vito Inc. and billed them. September 27 Received $2,200 on the balance related to the transaction of September 19. Requirement: a. Journalize the transactions. b. Prepare the ledger account for Accounts Receivable. On 1 September 2023, Simba Jones started a consulting service business, The Lion King Inc. The business prepares monthly financial statements. During September 2023, Simba Jones completed the following transactions related to the business. September 1 Began the business with a cash investment of $30,000. September 8 Purchased equipment for $6,100 cash. September 19 Completed services of $5,800 for Vito Inc. and billed them. September 27 Received $2,200 on the balance related to the transaction of September 19. Requirement: a. Journalize the transactions. b. Prepare the ledger account for Accounts Receivable. On 1 September 2023, Simba Jones started a consulting service business, The Lion King Inc. The business prepares monthly financial statements. During September 2023, Simba Jones completed the following transactions related to the business. September 1 Began the business with a cash investment of $30,000. September 8 Purchased equipment for $6,100 cash. September 19 Completed services of $5,800 for Vito Inc. and billed them. September 27 Received $2,200 on the balance related to the transaction of September 19. Requirement: a. Journalize the transactions. b. Prepare the ledger account for Accounts Receivable. On 1 September 2023, Simba Jones started a consulting service business, The Lion King Inc. The business prepares monthly financial statements. During September 2023, Simba Jones completed the following transactions related to the business. September 1 Began the business with a cash investment of $30,000. September 8 Purchased equipment for $6,100 cash. September 19 Completed services of $5,800 for Vito Inc. and billed them. September 27 Received $2,200 on the balance related to the transaction of September 19. Requirement: a. Journalize the transactions. b. Prepare the ledger account for Accounts Receivable.

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a Prepare the journal entries as follows Sep 1 Date Accou... View the full answer