Journal-entries-exercises-with-answers

: The owner invests $50,000 cash into the business.

: Performed services for $2,500 and billed the customer (on account). journal-entries-exercises-with-answers

: Collected $1,000 from the customer billed in Transaction #5. : The owner invests $50,000 cash into the business

: The company buys office equipment for $5,000 on credit. Expense Payment : Paid $1,200 for the current month's rent. : The owner invests $50

: Performed services and received $3,000 cash immediately.