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Selected transactions for Expensive Designs Pty Ltd, an interior decorator corporation, in its first month of business, are as follows.Issued shares...
1. Issued shares to investors for $10 000 in cash.
2. Purchased used car for $5 000 cash for use in business.
3. Purchased supplies on account for $500.
4.Invoiced customers $1 800 for services performed.
5.Paid $200 cash for advertising start of the business.
6.Received $700 cash from customers invoiced in transaction (4).
7.Paid creditor $300 cash on account.
8.Paid dividends of $400 cash to shareholders.
Journalise the transactions.
“Transactionl Expensive designs pvt ltdAccount Titles DebitCash 10000Share Capital Equipment;rMotor vehiclesCash Supplies 500AccountsPayableAccountsreceivableService Revenue...