A. Marilyn Monroe invested $70,000 in cash to start the firm. B. Issued check for...
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A. Marilyn Monroe invested $70,000 in cash to start the firm. B. Issued check for $6,000 to pay the rent for current month. C. Purchased an automobile that will be used to visit clients, issued check for $34,500 in full payment. D. Purchased supplies for $1,200; paid immediately by check. E. Purchased office equipment for $21,500 on credit from Denton, Inc., received invoice, payable in 30 days. F. Performed services for $2,980 in cash. G. Returned damaged supplies for a cash refund of $150. H. Issued check for $19,600 to Denton, Inc., as payment on account. 1. Paid $220 for monthly telephone bill by check. J. Withdrew $700 in cash for personal expenses. Determine the accounts and amounts to be debited and credited for the above transactions for Monroe's Auto Repair . View transaction list
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