Make journal entries

Ref#	Transaction
1	3 PARTNERS EACH INVEST $5500
2	Open new office pay rent for current month $500 + pay additional $1500 for next 3 months
3	Buy office supplies on-account $1100
4	Buy office equipment for $4000: $2000 down , $2000 in 60 days
5	Buy car for $8000, $1000 down; pay $7000 on Note in 2 yrs.
6	provide services for customer; paid #1500 and customer owes $5000
7	pay wages of $3000
8	billed for insurance for next six month. $1500 to be paid next mo.
9	advertising expense to be paid later $400
10	pay for #3 office supplies
11	Perform services for customer; on-acct. $1800
12	PAY CASH FOR VEHICLE MAINTENANCE; $125
13	Each partner withdraws $150
14	customer from #11 pays $900
15	Cash sales to customer $3500
16	New partner invests $3000 in the company
17	pay telephone expense $200
18	record delivery expenses to be paid later. $175
19	pay part of delivery expense #18. $100
20	Depreciate ExP car $200*

Answer rating: 100% (QA)

Journal Entries 1 Partners Investment Debit Cash 5500 Credit Partners Capital Partner 1 5500 Credit ... View the full answer