Financial Accounting: E3-18 The following information pertains to York Rafting Company

Financial Accounting
Exercise 3-18 Recording Transactions
The following information pertains to York Rafting Company:
Jan 2. Issued common stock to investors for $25,000.
Jan 3. Bought $3,500 of supplies on account.
Jan 4. Paid rent for January in the amount of $1,200.
Jan 9. Billed a customer $7,000 for services provided.
Jan 16. Paid $1,500 cash to vendor for the January 3 purchase.
Jan 24. Borrowed $10,000 from local bank.
Jan 26. Received payment for billing made on January 9.Required:
Prepare the journal entries for each transaction (omitting explanations).
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