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Prepare in Proper Form Journal Entries for the Following Transactions \quad

Question 70

Essay

Prepare in proper form journal entries for the following transactions.Omit explanations.
October
2 \quad Owner made a cash investment into the company $5,000\$ 5,000
8 \quad Bought supplies on accosst $100\$ 100 .
10 \quad Paid salaries, $700\$ 700
15 \quad Paid for supplies purchased on October 88
21 \quad Received company telephone bill, to be paid later, $30\$ 30

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