Journalize these accounting transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) Stockholders invested $12,000 in the business in exchange for common stock. (b) Insurance of $800 is paid for the year. (c) Supplies of $1,800 are purchased on account. (d) Cash of $7,500 is received for services rendered.

Question

Business

Carlee Rush

1 August, 15:29

Journalize these accounting transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) Stockholders invested $12,000 in the business in exchange for common stock. (b) Insurance of $800 is paid for the year. (c) Supplies of $1,800 are purchased on account. (d) Cash of $7,500 is received for services rendered.

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Kiley Santana · Answer 1

Journalize these accounting transactions

Explanation:

a

Cash 12000

Common stock 12000

b

Insurance prepaid 800

Cash 800

C

Supplies 1800

Account payable 1800

d

Cash 7500

Revenue 7500