Acc280 Financial Accounting: E2-3 Data for D. Reyes, Inc., interior decorating

Acc280 Financial Accounting

E2-3
Data for D. Reyes, Inc., interior decorating, are presented in E2-2.

Instructions:
Journalize the transactions using journal page J1. (You may omit explanations).
Jan. 2 Invested $10,000 cash in the business in exchange for common stock.
3 Purchased used car for $4,000 cash for use in business.
9 Purchased supplies on account for $500.
11 Billed customers $1,800 for services performed.
16 Paid $200 cash for advertising.
20 Received $700 cash from customers billed on January 11.
23 Paid creditor $300 cash on balance owed.
28 Declared and paid a $1,000 cash dividend.
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