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QUESTION

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...
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