Question: Question 2: Journalize Transactions 116 marks On March 1, 2019 Fahad Bader opened an office for legal law consultations. The following are the transactions that

 Question 2: Journalize Transactions 116 marks On March 1, 2019 Fahad

Question 2: Journalize Transactions 116 marks On March 1, 2019 Fahad Bader opened an office for legal law consultations. The following are the transactions that occurred during the first month of operations: March 1: Fahad Invested$ 30,000 cashto start the business. March 2: Hired two employees to work in the office, they will each be paid a salary of 3,050 per month March 2: Purchased equipment costing $ 2,500 on account March 3: The business provided a service of $ 3.000 in which $ 700 was received in cash and the balance was billed to the customer March 5: The business has received utility bill of $ 500 on account. March 11: Received $2,000 cash in advance from a customer for services that are expected to be completed by June 12. March 12: The business paid $ 250 on the balance due from the transaction on March 5. March 15: Fahad pays $2,400 for a one-year full coverage insurance policy. March 28: Fahad Withdrew $500 cash from the business for personal use. Journalize the above transactions. Date Account Titles & Explanation Debit Credit

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