Reference no: EM132578938

At the first of December, Waleed invest $25,000 in a new Call Center Company (CCC). The following transactions occurred during the month.

On December 1, Purchase office equipment of $3000, he issued 3-months note payable.

5 Received cash for future services of $1200.

10 Paid rent for cash $ 800.

13 Purchase supplies on account of $ 1200.

25 Paid salaries of $6500 cash

28 Paid accounts payable 600 $ cash.

31 Paid one-year policy, effective date December 1 of $800

Instructions:

Question a) Prepare the journal entries for Waleed Company.

Question b) Post the journal entries to T accounts ONLY for cash account