Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions:
a.Invested $10,000 cash and $15,000 of computer equipment in the business in exchange for common stock.
b.Paid $500 cash for an insurance premium covering the next 12 months.
c.Completed office services for a customer and collected $1,000 cash.
d.Paid $200 cash for office supplies.
e.Paid $2,000 for October's rent.
Prepare journal entries to record the above transactions.Explanations are unnecessary.

Question

Quizplus · Accepted Answer

The Answer of Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions:
a.Invested $10,000 cash and $15,000 of computer equipment in the business in exchange for common stock.
b.Paid $500 cash for an insurance premium covering the next 12 months.
c.Completed office services for a customer and collected $1,000 cash.
d.Paid $200 cash for office supplies.
e.Paid $2,000 for October's rent.
Prepare journal entries to record the above transactions.Explanations are unnecessary.

Rowdy Bolton Began Bolton Office Services in October and During