Journalize the following selected transactions for July 2018 in a two-column journal. Journal entry explanations may be omitted.
July 1
The business received cash from an investor. in exchange for capital stock, $15,000.
2
Received cash for providing accounting services, $8,000.
3
Billed customers on account for providing services, $4,000.
4
Paid advertising expense, $400.
5
Received cash from customers on account, $3,500.
6
Dividends paid, $1,000
7
Received telephone bill, $100
8
Paid telephone bill, $100.
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