Question 2 (25 marks)

Required: Journalise the below transactions and post transactions into the general ledger

a. Purchased land for $2,000 cash.

b. Purchased $500 of office supplies on credit.

c. Billed a client $950 for services provided.

d. Paid the $500 account payable created by the credit purchase of office supplies in transaction b.

e. Collected $950 cash for the billing in transaction c.