Summer Company has the following transactions in July 2021: 1-Jul Susan invested $25,000 cash and a $50,000
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Summer Company has the following transactions in July 2021:
1-Jul Susan invested $25,000 cash and a $50,000 motor vehicle in the company.
2-Jul Paid $5,000 rent for July 2021.
5-Jul Purchased $2,000 inventories on account.
16-Jul Recorded $10,000 for a job completed on account.
23-Jul Hired a new staff at a monthly salary of $3,000. The new staff will start work on 1 September 2021.
27-Jul Withdrew $6,000 cash for personal use.
27-Jul Received $9,000 from the customer for the job completed on 16 July 2021.
31-Jul Received utility bill amounting to $350.
Prepare journal entries (without description) for the above events
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