Part 1 Introduction to financial accounting Started business by putting (15.000 of his own money into a business bank account 2 Bought office fumiture account C2,800 15 Paid the amount owing to TVC Ltd £1,260 by internet transfer from bank account 4 Sold some of the office furniture-original cost 750-for £750 on time to Jevons & Co. 23 Received the amount due from Jevons & Co E750 by cheque 31 Bought machinery using the busines's debit card (710 by Internet transfer from hana Bought computer equipment £1,260 on time from TVC L 5 Bought a car paying by cheque (4,950 2:12 Wite up the aset, liability and capital accounts to record the following transactions in the records of Spector's business
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Prepare the journal entry required for each of the following transactions:
Cash was received for services performed for customers, $1,200.
Services were performed for customers on account, $4,200.
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Cash was received for services performed for customers, $1,200.
Services were performed for customers on account, $4,200.
Common stock was issued for $100,000.
Purchased machinery for cash, $30,000.
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