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Selected transactions for M. Coronado, an interior decorator, in her first month of business, are as follows.
Jan. 2 Invested $14,200 cash in business.
3 Purchased used car for $4,260 cash for use in business.
9 Purchased supplies on account for $710.
11 Billed customers $3,408 for services performed.
16 Paid $497 cash for advertising.
20 Received $994 cash from customers billed on January 11.
23 Paid creditor $426 cash on balance owed.
28 Withdrew $1,420 cash for personal use by owner.
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Business, 22.06.2019 23:50
Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is:
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Selected transactions for M. Coronado, an interior decorator, in her first month of business, are as...
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