Journalize Fred Buchanan's July transactions using the combination journal provided.Prove the journal.Fred uses the modified cash basis for his accounting records.

$ \begin{aligned} \text { July } 1 & \text { Fred Buchanan invested } \$ 100,000 \text { in his business. } \ 2 & \text { Borrowed } \$ 50,000 \text { from the bank. } \ 3 & \text { Received } \$ 1,100 \text { cash from customers. } \ 7 & \text { Bought supplies on account, } \$ 750 \ 10 & \text { Paid part-time receptionist } \$ 1,300 . \ 15 & \text { Paid advertising bill } \$ 1,500 \text {. } \ 17 & \text { Purchased } \$ 14,000 \text { of office furniture paying } \$ 4,000 \text {; the balance on account. } \ 22 & \text { Billed credit customers, } \$ 4,500 \text {. } \ 27 & \text { Received } \$ 1,000 \text { from credit customers. } \ 29 & \text { Received } \$ 5,500 \text { from cash customers. }\end{aligned} $

Question

Journalize Fred Buchanan's July transactions using the combination journal provided.Prove the journal.Fred uses the modified cash basis for his accounting records.
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 $ \begin{aligned} \text { July } 1 & \text { Fred Buchanan invested } \$ 100,000 \text { in his business. } \ 2 & \text { Borrowed } \$ 50,000 \text { from the bank. } \ 3 & \text { Received } \$ 1,100 \text { cash from customers. } \ 7 & \text { Bought supplies on account, } \$ 750 \ 10 & \text { Paid part-time receptionist } \$ 1,300 . \ 15 & \text { Paid advertising bill } \$ 1,500 \text {. } \ 17 & \text { Purchased } \$ 14,000 \text { of office furniture paying } \$ 4,000 \text {; the balance on account. } \ 22 & \text { Billed credit customers, } \$ 4,500 \text {. } \ 27 & \text { Received } \$ 1,000 \text { from credit customers. } \ 29 & \text { Received } \$ 5,500 \text { from cash customers. }\end{aligned} $

Quizplus · Accepted Answer

The Answer of Journalize Fred Buchanan's July transactions using the combination journal provided.Prove the journal.Fred uses the modified cash basis for his accounting records.
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 $ \begin{aligned} \text { July } 1 & \text { Fred Buchanan invested } \$ 100,000 \text { in his business. } \ 2 & \text { Borrowed } \$ 50,000 \text { from the bank. } \ 3 & \text { Received } \$ 1,100 \text { cash from customers. } \ 7 & \text { Bought supplies on account, } \$ 750 \ 10 & \text { Paid part-time receptionist } \$ 1,300 . \ 15 & \text { Paid advertising bill } \$ 1,500 \text {. } \ 17 & \text { Purchased } \$ 14,000 \text { of office furniture paying } \$ 4,000 \text {; the balance on account. } \ 22 & \text { Billed credit customers, } \$ 4,500 \text {. } \ 27 & \text { Received } \$ 1,000 \text { from credit customers. } \ 29 & \text { Received } \$ 5,500 \text { from cash customers. }\end{aligned} $

Journalize Fred Buchanan's July Transactions Using the Combination Journal Provided