Journalize the following selected transactions for January. Explanations may be omitted.
Jan.
1Received cash from the sale of common stock, $14,000.
2Received cash for providing accounting services, $9,500.
3Billed customers on account for providing services, $4,200.
4Paid advertising expense, $700.
5 Received cash from customers on account, $2,500.
6 Paid dividends, $1,010.
7 Received telephone bill, $900.
8 Paid telephone bill, $900.
Correct Answer:
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