Question

Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 2

 

Invested $14,100 cash in business.

3

 

Purchased used car for $4,230 cash for use in business.

9

 

Purchased supplies on account for $705.

11

 

Billed customers $3,384 for services performed.

16

 

Paid $494 cash for advertising.

20

 

Received $987 cash from customers billed on January 11.

23

 

Paid creditor $423 cash on balance owed.

28

 

Withdrew $1,410 cash for personal use by owner.

 

 



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