Selected transactions for Sheffield, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $14,800 in cash.
2. Purchased used car for $10,400 cash for use in business.
3. Purchased supplies on account for $200.
4. Billed customers $4,250 for services performed.
5. Paid $200 cash for advertising at the start of the business.
6. Received $1,480 cash from customers billed in transaction (4).
7. Paid creditor $230 cash on account.
8. Paid dividends of $310 cash to stockholders.

Required:
Journalize the transactions.

1. Issued stock to investors for $14,800 in cash.

Account                  Debit                Credit

Cash                       $14,800

Common Stock                               $14,800

2. Purchased used car for $10,400 cash for use in business.

Account                      Debit                Credit

Cash                                                    $14,400

Vehicle                       $14,400

3. Purchased supplies on account for $200.

Account                       Debit                Credit

Supplies                      $200

Accounts Payable                                $200

4. Billed customers $4,250 for services performed.

Account                         Debit                Credit

Service Revenue          $4,250

Accounts Receivable                             $4,250

5. Paid $200 cash for advertising at the start of the business.

Account                         Debit                Credit

Advertising Expense    $200

Cash                                                        $200

6. Received $1,480 cash from customers billed in transaction (4).

Account                         Debit                Credit

Cash                              $1,480

Accounts Receivable                            $1,480

7. Paid creditor $230 cash on account.

Account                         Debit                Credit

Cash                                                        $230

Accounts Payable        $230

8. Paid dividends of $310 cash to stockholders.

Account                         Debit                Credit

Dividends Payable       $310

Cash                                                        $310

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!

answer; sensory adaptation;