Journalize the following transactions for XYZ company. This company has been in business for over...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Journalize the following transactions for XYZ company. This company has been in business for over 10 years
John Smith purchased $10,000 of capital stock from XYZ Company.
Purchased equipment for $6,000 cash.
Purchased supplies on account for $2,000.
Paid salaries to employees of $400.
Billed clients for services rendered, $9,000.
Paid creditors on account, $1,000.
Received cash from cash clients for services rendered, $6,000.
Received $9,000 from clients on account in number 5.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.