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Question 1 Selected transactions for Blue Spruce Company during its first month in business are...

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Accounting

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Question 1 Selected transactions for Blue Spruce Company during its first month in business are presented below. Sept. 1 5 25 30 Invested $10,000 cash in the business. Purchased equipment for $11,000 paying $4,100 in cash and the balance on account. Paid $2,800 cash on balance owed for equipment. Withdrew $700 cash for personal use. Spruce's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Owner's Drawings. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal e order presented in the problem. If no entry is required, select "No Entry" for the account cities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit

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