Record the below transactions (a) Started business by issuing 10,000 shares of common stock for $30,000 (b)

Record the below transactions
 

Transcribed Image Text:

(a) Started business by issuing 10,000 shares of common stock for $30,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,400 every two weeks. (c) Rented a building for three years at $530 per month and paid six months' rent in advance. (d) Purchased equipment for $5,800 cash. (e) Purchased $1,900 of supplies on account. (f) Provided services to customers for $7,200 cash, (g) Paid employees' salaries, $5,800. (h) Paid for supplies purchased in item (e). () Paid $820 for current advertising in a local newspaper. () Paid utility bill of $1,600 for the current month. View transaction list Journal entry worksheet 1 2 3 Transaction Note: Enter debits before credits. 5 7 Started business by issuing 10,000 shares of common stock for $30,000. General Journal 8 9 Debit 10 Credit (a) Started business by issuing 10,000 shares of common stock for $30,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,400 every two weeks. (c) Rented a building for three years at $530 per month and paid six months' rent in advance. (d) Purchased equipment for $5,800 cash. (e) Purchased $1,900 of supplies on account. (f) Provided services to customers for $7,200 cash, (g) Paid employees' salaries, $5,800. (h) Paid for supplies purchased in item (e). () Paid $820 for current advertising in a local newspaper. () Paid utility bill of $1,600 for the current month. View transaction list Journal entry worksheet 1 2 3 Transaction Note: Enter debits before credits. 5 7 Started business by issuing 10,000 shares of common stock for $30,000. General Journal 8 9 Debit 10 Credit

Answer rating: 100% (QA)

Answer Transaction General Journal Debit Credit a Cash 30000 Common Stock ... View the full answer