Reference no: EM131817908

Question - Selected transactions for D. Reyes, an interior decorator, in its first month of business, are as follows.

Jan. 2 Invested $10,000 cash in the business in exchange for common stock.

Jan. 3 Purchased used car for $4,000 cash for use in business.

Jan. 9 Purchased supplies on account for $500.

Jan. 11 Billed customers $1,800 for services performed.

Jan. 16 Paid $200 cash for advertising.

Jan. 20 Received $700 cash from customers billed on January 11.

Jan. 23 Paid creditor $300 cash on balance owed.

Jan. 28 Declared and paid a $1,000 cash dividend.

Instructions - Journalize the transactions.