Exercise 4.2 Recording transactions in the general journal. LO 4-1 Selected activity of Mason Consulting...
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Exercise 4.2 Recording transactions in the general journal. LO 4-1 Selected activity of Mason Consulting Services follow. DATE TRANSACTIONS 2019 Sept. 1 Zack Mason invested $60,000 in cash to start the firm. 4 Purchased office equipment for $6,500 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $14,500 in full payment. 20 Purchased supplies for $520; paid immediately with Check 1002 23 Returned damaged supplies for a cash refund of $170. 30 Issued Check 1003 for $4,200 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $3,000 in cash for personal expenses. 30 Issued Check 1004 for $1,700 to pay the rent for September. 30 Performed services for $2,750 in cash. 30 Paid $435 for monthly telephone bill, Check 1005 Prepare journal entries for the transactions incurred during September of 2019
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