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Selected transactions for Mr. Ibrahim, civil engineer, in his first month of business, are as...

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Accounting

Selected transactions for Mr. Ibrahim, civil engineer, in his first month of business, are as follows.

2 Jan

Invested $100,000 cash in the business

2

Purchased two service vehicles for cash at a cost of $24,000 each.

3

Billed customers $6,800 for services performed.

3

Purchased equipment for $50,000. Paid $10,000 cash, signed $40,000 note payable

9

Paid $1,200 for a one-year insurance policy

11

Purchased $5,000 office supplies (an asset) on credit

16

Paid $350 cash for advertising.

20

Received $5000 cash from customers billed on January 3.

29

Paid for the office supplies on January 11

29

Withdrew $2,300 cash from the business.

Required

Journalize the January transactions. You may omit journal explanations.

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