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What is the journal entry for the following below? Invested 30,000 cash and equipment valued
What is the journal entry for the following below?
Invested 30,000 cash and equipment valued
at 14,000 in the business.
Hired administrative assistant at a salary of 290 per week payable monthly.
Purchased supplies on account for 700.
Paid office rent 600 for the month.
Completed a tax assignment and billed client 1100 for services rendered.
Received 3200 advance on a management consulting engagement.
Received cash of 2300 for services completed.
Paid insurance expense 110
Paid administrative assistant 1160 for the month.
A count of supplies indicated that 120 of supplies had been used.
Purchased a new computer for 5100 with personal funds (the computer for business purposes
