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M. H. Acosta, CA, completed these transactions during November of the current year: ...

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Accounting

M. H. Acosta, CA, completed these transactions during November of the current year:
Nov. 1
Began a public accounting practice by investing $4,000 in cash and
office equipment having a $3,300 fair value.
Nov. 2
Purchased on credit office equipment, $900, and office supplies, $150.
Nov. 4
Completed accounting work for client and immediately received
a payment of $400 cash.
Nov. 8
Completed accounting work on credit for Acme Loan Co., $600.
Nov. 10
Paid for the items purchased on credit on November 2.
Nov. 14
Paid the annual $800 premium on an insurance policy.
Nov. 18
Received payment in full from Acme Loan Co. for the work
completed on November 8.
Nov. 27
M. H. Acosta withdrew $650 cash from the practice to pay
personal expenses.
Nov. 30
Paid the November utility bills, $140.
Prepare general journal entries to record the transactions. Use the attached Word File.
20 marks

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