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Prepare in proper form journal entries for the following transactions. Omit explanations.

Prepare in proper form journal entries for the following transactions. Omit explanations.

October

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.

September

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.

June

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.

Dec 06 2019 View more View Less

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