Prepare in proper form journal entries for the following transactions. Omit explanations.
2 Owner made a cash investment into the company $6,000
8 Bought supplies on account $100.
10 Paid salaries, $700
15 Paid for supplies purchased on October 8
21Received company telephone bill, to be paid later, $50
88) Journalize, in proper form, the following transactions that occurred during September. Omit explanations.
5 Michele invested $23,000 cash and $10,000 of equipment into her new business
10 Paid three months' rent in advance, $2,400
23Withdrew $400 from the business
24Billed client for services rendered, $17,000
89) Cooper Company began business in June. Prepare the following transactions for June. Omit explanations.
2 Cooper invested $3,000 cash and $1,000 equipment into her new business
12Billed customer for services performed, $500
16Purchased equipment on account, $200
20 Received one-half amount due from June 12
25Cooper withdrew cash for personal use, $100.
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