Question - Selected transactions for D. Reyes, an interior decorator, in its first month of business, are as follows.
Jan. 2 Invested $10,000 cash in the business in exchange for common stock.
Jan. 3 Purchased used car for $4,000 cash for use in business.
Jan. 9 Purchased supplies on account for $500.
Jan. 11 Billed customers $1,800 for services performed.
Jan. 16 Paid $200 cash for advertising.
Jan. 20 Received $700 cash from customers billed on January 11.
Jan. 23 Paid creditor $300 cash on balance owed.
Jan. 28 Declared and paid a $1,000 cash dividend.
Instructions - Journalize the transactions.