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Its all the same question a) write journal entrey for it b)prepare an accounting equation...

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Accounting

Its all the same question
a) write journal entrey for it
b)prepare an accounting equation
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Open Questions Question 1. Jack Brown started his own firm, XYZ LLC, on June 1, 2017. The following transactions occurred during the month of June. Required: a) Write journal entry for each of the transaction. (20 points) b) Prepare an accounting equation (10 points) a) June 1 Jack invested $10,000 cash in the business. 1 b) June 2 Paid $700 for office rent for the month. b) June 2 Paid $700 for office rent for the month. c) June 3 Purchased $1,000 of goods for resale on account. d) June 5 Paid $225 to advertise in the County News. e) June 9 sold half of the goods for $3,000 cash. I f) June 12 Withdrew $400 cash for personal use. B) June 15 sold the other half of the goods for $3,400 on account. h) June 17 Paid $2,500 for employee salaries. 1) June 20 Paid for the supplies purchased on account on June 3. 1) June 23 Received a cash payment of $2,000 for goods sold on account on June 15. k) June 26 Borrowed $10,000 from the bank. I - CARA 1) June 29 Purchased equipment for $4,200 on account. m) June 30 Paid $275 for utilities

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