edugen.wileyplus.com Return to Blackboard Weygandt, Accounting Principles, 13th
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Question
edugen.wileyplus.com Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLU Help I S S Course for Bronx Community College Exercise 2-03 Selected transactions for M. Waterway, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $11,200 cash in business. 3 Purchased used car for $3,360 cash for use in business. 9 Purchased supplies on account for $560. 11 Billed customers $2,688 for services performed 16 Paid $392 cash for advertising. 20 Received $784 cash from customers billed on January 11. 23 Paid creditor $336 cash on balance owed 28 Withdrew $1,120 cash for personal use by owner. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not i problem. If no entry is required select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit CreditExplanation / Answer
Answer:
Date
Account titles and Explanations
Debit
Credit
January
2
Cash
11200
Common Stock
11200
3
Equipment
3360
Cash
3360
9
Supplies
560
Accounts Payable
560
11
Accounts receivable
2688
Revenue
2688
16
Advertising Expense
392
Cash
392
20
Cash
784
Account Receivable
784
23
Accounts Payable
336
Cash
336
28
Withdrawal
1120
Cash
1120
Date
Account titles and Explanations
Debit
Credit
January
2
Cash
11200
Common Stock
11200
3
Equipment
3360
Cash
3360
9
Supplies
560
Accounts Payable
560
11
Accounts receivable
2688
Revenue
2688
16
Advertising Expense
392
Cash
392
20
Cash
784
Account Receivable
784
23
Accounts Payable
336
Cash
336
28
Withdrawal
1120
Cash
1120
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