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30 July, 04:12

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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  1. 30 July, 06:07
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    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
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