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M. Bonzales has the following transactions during August of the current year. ...

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Question

Accounting

M. Bonzales has the following transactions during August of the current year.

Aug. 1 Opens an office as a financial advisor, investing $8,700 in cash.
4 Pays insurance in advance for 6 months, $1,500 cash.
16 Receives $2,500 from clients for services performed.
27 Pays secretary $1,600 salary.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

image Aug. 1Aug. 4Aug. 16Aug. 27

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image Aug. 1Aug. 4Aug. 16Aug. 27

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image Aug. 1Aug. 4Aug. 16Aug. 27

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image Aug. 1Aug. 4Aug. 16Aug. 27

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