Journalize accounting transactions in general journal form

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Reference no: EM131764892

Question: Journalize the following accounting transactions in general journal form or T-account form. Identify each transaction by number. You may omit explanations.

1. Owners invested $45,000 in cash to start the corporation

2. Purchased $850 worth of supplies on account

3. Purchased land for $43,000 with $23,000 and a $20,000 mortgage payable

4. Paid $650 for advertising

5. Hired secretary

6. Paid $2, 400 for one-year insurance policy

7. Performed services for client worth $5, 200 and sent client a bill

8. Paid $1, 800 in salaries for the current period

9. Paid $3, 700 on the mortgage

10. Received $2, 600 due on account

Reference no: EM131764892

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