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The following transactions occurred for Mission Cable Services during July 2019
2nd July, Thomas invested $20,000 contribution in exchange for capital.
4 Paid utilities expense of $800
5 Purchased equipment on account, $4,200.
10 Performed services for a client on account, $4,000.
12 Borrowed $14,000 cash, signing a note payable.
19 The owner, Thomas, withdrew $1,000 cash from the business.
21 Purchased office supplies for $1,600 and paid cash.
27 Paid the liability from 5th July.
Required
Journalize the transactions in the general journal

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The following transactions occurred for Mission Cable Servic.pdf

  • 1. The following transactions occurred for Mission Cable Services during July 2019 2nd July, Thomas invested $20,000 contribution in exchange for capital. 4 Paid utilities expense of $800 5 Purchased equipment on account, $4,200. 10 Performed services for a client on account, $4,000. 12 Borrowed $14,000 cash, signing a note payable. 19 The owner, Thomas, withdrew $1,000 cash from the business. 21 Purchased office supplies for $1,600 and paid cash. 27 Paid the liability from 5th July. Required Journalize the transactions in the general journal